China New Borun Corp (NYSE:BORN) shares were down 19.4% during trading on Monday . The company traded as low as $0.25 and last traded at $0.25. Approximately 7,241 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 134,552 shares. The stock had previously closed at $0.31.
The company has a fifty day moving average price of $0.70. The company has a current ratio of 2.62, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.
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China New Borun Corporation produces and distributes corn-based edible alcohol in the People's Republic of China. It operates in two segments, Corn-Base Edible Alcohol and its By-Products, and Chemical Products. The company offers edible alcohol products for use as an ingredient to producers of baijiu, a grain-based alcoholic beverage; and by-products of edible alcohol, such as distillers dried grains with solubles feed, liquid carbon dioxide, and crude corn oil.
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