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Andfjord Salmon AS ( (DE:50R) ) just unveiled an update.
Andfjord Salmon has announced a subsequent offering of up to 1,714,286 new shares following a successful private placement, aiming to raise approximately NOK 60 million. This move is part of the company’s strategic efforts to enhance its financial position and expand its operations, potentially impacting its market standing and offering opportunities for existing shareholders.
More about Andfjord Salmon AS
Andfjord Salmon, located at Andøya in Norway’s Arctic Archipelago of Vesterålen, is pioneering a sustainable and fish-friendly aquaculture facility. The company utilizes a proprietary flow-through system that merges ocean and land-based salmon farming, achieving high survival rates and efficient feed conversion.
YTD Price Performance: -9.58%
Average Trading Volume: 10
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €202.9M
Learn more about 50R stock on TipRanks’ Stock Analysis page.