Burcon NutraScience (TSE:BU) Stock Price Down 10.3%

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.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last posted its earnings results on Tuesday, July 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$0.11 million during the quarter. On average, equities research analysts anticipate that Burcon NutraScience Corp will post 0.08 earnings per share for the current fiscal year.

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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