Burcon NutraScience Corp (TSE:BU) (NYSE:BUR) shares dropped 10.3% on Friday . The stock traded as low as C$1.47 and last traded at C$1.48, approximately 1,416,647 shares changed hands during mid-day trading. An increase of 165% from the average daily volume of 533,742 shares. The stock had previously closed at C$1.65.
Separately, Beacon Securities reiterated a “buy” rating on shares of Burcon NutraScience in a research report on Monday, July 8th.
The stock has a market cap of $50.13 million and a price-to-earnings ratio of -13.94. The firm’s 50-day moving average is C$0.83. The company has a quick ratio of 0.14, a current ratio of 0.21 and a debt-to-equity ratio of 650.26.
In other news, Director Rosanna Mei Wah Chau sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of C$0.80, for a total transaction of C$40,000.00. Following the completion of the transaction, the director now directly owns 1,050,022 shares of the company’s stock, valued at approximately C$840,017.60. Also, Director Johann Franz Tergesen purchased 75,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average cost of C$0.50 per share, with a total value of C$37,500.00. Following the completion of the purchase, the director now directly owns 238,507 shares in the company, valued at C$119,253.50. Over the last ninety days, insiders have bought 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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