12:18 PM EDT, 10/14/2024 (MT Newswires) -- Blue Star Foods ( BSFC ) shares were up 7% in recent trading on Monday after Chairman and Chief Executive John Keeler said in a letter to shareholders that the company has reduced total liabilities by over 50% as of the quarter ending June 30 compared to the same period last year.

The company's total liabilities were about $3.5 million as of Q2 against $7 million from a year earlier, strengthening its balance sheet by $4.6 million in shareholder equity, Keeler said.

"I feel it necessary to release this shareholder letter as we are aware of and navigating difficulties with Taste of BC Aquafarm's parcel landlord's libel and slander campaign against Blue Star Foods ( BSFC )," Keeler said.

Price: 0.50, Change: +0.03, Percent Change: +7.04