Burcon NutraScience (TSE:BU) Stock Crosses Above Two Hundred Day Moving Average of $1.69

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Shares of Burcon NutraScience Corp (TSE:BU) (NYSE:BUR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.69 and traded as high as $2.56. Burcon NutraScience shares last traded at $2.54, with a volume of 85,184 shares trading hands.

BU has been the subject of several analyst reports. Eight Capital boosted their price objective on Burcon NutraScience from C$2.50 to C$3.50 in a report on Monday, August 31st. Beacon Securities reaffirmed a “buy” rating on shares of Burcon NutraScience in a report on Friday, August 28th. Finally, Canaccord Genuity upped their price target on Burcon NutraScience from C$1.75 to C$2.50 in a report on Thursday, July 9th.

The company has a market cap of $245.26 million and a price-to-earnings ratio of -49.22. The company has a current ratio of 10.77, a quick ratio of 5.45 and a debt-to-equity ratio of 28.13. The business has a fifty day moving average of C$2.43 and a two-hundred day moving average of C$1.69.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last released its quarterly earnings results on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$0.01 million during the quarter. On average, research analysts forecast that Burcon NutraScience Corp will post 0.02 EPS for the current fiscal year.

Burcon NutraScience Company Profile (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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