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.
Andfjord Salmon AS ( (DE:50R) ) has shared an announcement.
Andfjord Salmon Group AS announced that UFI Capital AS, a company closely associated with board member Kim Strandenæs, has purchased 428,571 shares in the company at NOK 33.20 per share. This transaction is part of a financing solution, with the seller planning to repurchase the shares at the same price within three months, indicating a strategic financial maneuver that reflects confidence in the company’s stability and future prospects.
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 of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon.
YTD Price Performance: -20.73%
Average Trading Volume: 80,114
Current Market Cap: NOK3.11B
Learn more about 50R stock on TipRanks’ Stock Analysis page.