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Atlantic Sapphire ( (AASZF) ) has provided an announcement.
Atlantic Sapphire has released its audited 2024 Annual Report, highlighting a planned capital raise in 2025, which is crucial for its continued operations amidst financial uncertainties. The company also corrected a previously reported trading update error regarding the average harvest weight for Q1 2025. This announcement underscores the company’s efforts to maintain transparency and address financial challenges while continuing its expansion plans.
More about Atlantic Sapphire
Atlantic Sapphire is a company pioneering Bluehouse® land-raised salmon farming, focusing on transforming protein production globally. The company operated an innovation center in Denmark until 2021, emphasizing R&D to scale up production near consumers. In the US, Atlantic Sapphire is expanding its operations in Homestead, Florida, with a Phase 1 facility capable of harvesting approximately 9,500 tons of salmon annually and plans to increase capacity to 25,000 tons with a long-term goal of 220,000 tons.
YTD Price Performance: -68.82%
Average Trading Volume: 2,394
Technical Sentiment Signal: Buy
Current Market Cap: $27.69M
Learn more about AASZF stock on TipRanks’ Stock Analysis page.