Shares of Borealis Foods Inc. (NASDAQ:BRLS – Get Free Report) dropped 7.5% on Tuesday . The stock traded as low as $5.91 and last traded at $6.02. Approximately 4,701 shares traded hands during trading, a decline of 82% from the average daily volume of 26,728 shares. The stock had previously closed at $6.51.
Borealis Foods Stock Performance
The stock’s fifty day simple moving average is $6.05 and its two-hundred day simple moving average is $6.07. The company has a current ratio of 0.44, a quick ratio of 0.15 and a debt-to-equity ratio of 4.92.
Borealis Foods Company Profile
Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles.
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