Shares of Borealis Foods Inc. (NASDAQ:BRLS – Get Free Report) dropped 21.2% during trading on Friday . The stock traded as low as $6.80 and last traded at $6.80. Approximately 1,992 shares traded hands during trading, a decline of 95% from the average daily volume of 43,045 shares. The stock had previously closed at $8.63.
Borealis Foods Stock Performance
The firm has a 50 day moving average of $8.77. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.46.
Borealis Foods (NASDAQ:BRLS – Get Free Report) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.49) EPS for the quarter. The company had revenue of $7.90 million for the quarter.
About Borealis Foods
Borealis Foods Inc engages in the distribution of plant-based protein food products. Its products include Chef Woo, a high-protein instant ramen with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company is based in Oakville, Canada.
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