Burcon NutraScience (TSE:BU) Shares Down 19.4% – What’s Next?

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s share price fell 19.4% during trading on Thursday . The company traded as low as C$0.11 and last traded at C$0.13. 330,760 shares traded hands during mid-day trading, an increase of 753% from the average session volume of 38,791 shares. The stock had previously closed at C$0.16.

Burcon NutraScience Stock Performance

The stock has a market capitalization of C$19.89 million, a P/E ratio of -0.62 and a beta of 2.90. The company has a quick ratio of 1.71, a current ratio of 5.63 and a debt-to-equity ratio of 187.90. The company has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.20.

About Burcon NutraScience

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.