Shares of Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) rose 5.8% during trading on Tuesday . The stock traded as high as $5.50 and last traded at $5.08. Approximately 54,727 shares changed hands during mid-day trading, an increase of 232% from the average daily volume of 16,484 shares. The stock had previously closed at $4.80.
Borealis Foods Stock Down 0.5%
The company has a market cap of $109.16 million, a P/E ratio of -5.16 and a beta of 0.29. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.15 and a current ratio of 0.44. The business's fifty day moving average is $5.31 and its two-hundred day moving average is $5.81.
Borealis Foods (NASDAQ:BRLS - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $6.85 million for the quarter.
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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