Burcon NutraScience (TSE:BU) Trading Down 11.5% – Here’s Why

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR) shares were down 11.5% on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 181,676 shares changed hands during trading, an increase of 284% from the average daily volume of 47,256 shares. The stock had previously closed at C$0.13.

Burcon NutraScience Stock Performance

The company has a debt-to-equity ratio of 187.90, a current ratio of 5.63 and a quick ratio of 1.71. The firm has a market capitalization of C$15.63 million, a P/E ratio of -0.62 and a beta of 2.90. The stock’s 50 day moving average is C$0.15 and its two-hundred day moving average is C$0.19.

About Burcon NutraScience

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Burcon NutraScience Corporation, together with its subsidiaries, develops plant proteins and ingredients for use in the food and beverage industries in Canada. The company offers Peazazz and Peazac, a pea protein for use in dairy alternatives, ready-to-drink beverages, dry blended beverages, bars, baked goods, and meat substitute products.

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