Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gigante Salmon AS ( (DE:96M) ) has shared an announcement.
Gigante Salmon AS has achieved a significant milestone by completing the second of three production basins, aligning with their project plan. This progress keeps the company on track to reach full production capacity by 2026, with an anticipated annual output of 16,000 tonnes HOG by 2028. The company plans to commence harvesting its pilot production in the second quarter of 2025, expecting around 550 tonnes HOG. This development marks a crucial step in Gigante Salmon’s journey towards becoming a significant player in the land-based salmon farming industry, potentially impacting stakeholders by enhancing production capabilities and market presence.
More about Gigante Salmon AS
Gigante Salmon is a land-based salmon farming company with its first production facility under construction on Lille Indre Rosøy in Rødøy, Norway. The company utilizes a flow-through system that merges the advantages of conventional and land-based aquaculture while addressing challenges associated with traditional sea-based farming.
YTD Price Performance: 6.88%
Technical Sentiment Signal: Sell
Current Market Cap: €122.4M
See more insights into 96M stock on TipRanks’ Stock Analysis page.