The latest announcement is out from Andfjord Salmon AS ( (DE:50R) ).
Andfjord Salmon reports significant progress in its land-based aquaculture facility at Kvalnes, with key infrastructure nearing completion. The company is optimizing its build-out plan to increase production capacity by 20%, reducing CAPEX per kilogram, and has secured substantial financing to support further development and construction phases.
More about Andfjord Salmon AS
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing a sustainable and fish-friendly aquaculture facility. The company combines ocean and land-based salmon farming through a proprietary flow-through system, achieving high survival rates and efficient feed conversion.
YTD Price Performance: -13.77%
Average Trading Volume: 10
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €203.2M
For an in-depth examination of 50R stock, go to TipRanks’ Stock Analysis page.