Burcon NutraScience (TSE:BU) Trading Up 5.6% – Here’s Why

Burcon NutraScience Co. (TSE:BUGet Free Report) (NYSE:BUR) shot up 5.6% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. 254,271 shares traded hands during trading, an increase of 185% from the average session volume of 89,279 shares. The stock had previously closed at C$0.09.

Burcon NutraScience Trading Up 5.6 %

The company has a market capitalization of C$13.50 million, a P/E ratio of -0.45 and a beta of 2.90. 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 business’s 50-day moving average price is C$0.09 and its two-hundred day moving average price is C$0.14.

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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