Borealis Foods (NASDAQ:BRLS) Trading Down 0.8% – Here’s Why

Borealis Foods Inc. (NASDAQ:BRLSGet Free Report)’s share price traded down 0.8% on Monday . The company traded as low as $5.96 and last traded at $6.00. 164 shares were traded during trading, a decline of 99% from the average session volume of 26,564 shares. The stock had previously closed at $6.05.

Borealis Foods Trading Down 2.8 %

The company has a quick ratio of 0.15, a current ratio of 0.44 and a debt-to-equity ratio of 4.92. The company has a 50 day moving average of $6.07 and a 200-day moving average of $6.22.

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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