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Andfjord Salmon AS ( (DE:50R) ) has provided an update.
Andfjord Salmon has successfully completed the outlet waterway at its land-based salmon farming facility in Kvalnes, Norway, marking a significant milestone towards operational readiness. This development, along with the completion of the inlet waterway and ongoing construction of pools and a harbor area, supports the company’s plan to increase production capacity by 20%, enhancing its industry positioning and operational capabilities.
More about Andfjord Salmon AS
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world’s most sustainable and fish-friendly aquaculture facility. The company combines ocean and land-based salmon farming through a proprietary flow-through system, achieving industry-leading metrics such as a 97.5% survival rate and a feed conversion ratio of 1.05.
Average Trading Volume: 349,969
Current Market Cap: NOK3.14B
See more data about 50R stock on TipRanks’ Stock Analysis page.