Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report)'s stock price rose 1.7% during trading on Wednesday . The company traded as high as $3.55 and last traded at $3.50. Approximately 2,284 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 19,109 shares. The stock had previously closed at $3.44.
Borealis Foods Stock Up 0.8%
The company has a market cap of $73.03 million, a P/E ratio of -3.45 and a beta of 0.30. The business's 50 day moving average is $4.57 and its 200 day moving average is $5.52.
Borealis Foods (NASDAQ:BRLS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $6.85 million for the quarter. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 79.21%.
Borealis Foods Company Profile
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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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