It’s not every day that we discuss important fundamental performances of companies trading as penny stocks. This is not because there is a lack of solid companies to talk about, but more or less because most headlines in the penny stock space usually attract a little more attention.
However, we happened to come across a micro cap in the food industry that took quite a hit today after the company announced that it had strengthened its balance sheet by paying down $645,668 in debt. This sent shares of Blue Star Foods Corp. lower. (Nasdaq:BSFC) higher and shares of this Miami-based company rose to a session high of $1.2399/share (+11.70%).
This move was the first sign of life from the bulls after coming under pressure in recent months.
Blue Star Foods Corp is an international fish and seafood company that imports, packages and sells chilled pasteurized crab meat and other high-quality fish and seafood products.
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