Burcon NutraScience (TSE:BU) Share Price Passes Above 200 Day Moving Average of $0.76
Burcon NutraScience Corp (TSE:BU) (NYSE:BUR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.76 and traded as high as $1.49. Burcon NutraScience shares last traded at $1.47, with a volume of 264,414 shares traded.
Separately, Beacon Securities reaffirmed a “buy” rating on shares of Burcon NutraScience in a research report on Monday, July 8th.
The business has a 50-day simple moving average of C$1.33 and a two-hundred day simple moving average of C$0.77. The company has a debt-to-equity ratio of 650.26, a quick ratio of 9.70 and a current ratio of 9.82. The company has a market capitalization of $126.08 million and a price-to-earnings ratio of -12.57.
In related news, Director Johann Franz Tergesen acquired 56,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The stock was bought at an average cost of C$0.68 per share, with a total value of C$37,800.00. Following the transaction, the director now owns 1,066,169 shares of the company’s stock, valued at C$719,664.08. Also, Director Rosanna Mei Wah Chau sold 100,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$1.00, for a total value of C$100,000.00. Following the sale, the director now directly owns 950,022 shares of the company’s stock, valued at C$950,022. Over the last ninety days, insiders have acquired 163,000 shares of company stock valued at $90,530 and have sold 250,000 shares valued at $265,000.
About Burcon NutraScience (TSE:BU)
Burcon NutraScience Corporation, together with its subsidiary, develops plant protein extraction and purification technology of functional and renewable plant proteins in Canada. Its products include CLARISOY, a soy protein for dairy foods, neutral pH beverages, and coffee creamers/whiteners; and Peazazz, a novel pea protein isolate.
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