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Atlantic Sapphire ( (AASZD) ) has provided an update.
The recent announcement by the US government to impose a 25% tariff on imports from Canada will significantly increase Atlantic Sapphire’s feed costs, as they mainly source feed from Canadian mills. To address this challenge, the company is exploring alternative feed sources from non-Canadian suppliers to mitigate the impact of these tariffs on its operations.
More about Atlantic Sapphire
Atlantic Sapphire is a company involved in the aquaculture industry, primarily focusing on the production of sustainable salmon through land-based farming systems.
YTD Price Performance: -36.65%
Average Trading Volume: 1,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $44.03M
Learn more about AASZD stock on TipRanks’ Stock Analysis page.