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Gigante Salmon AS ( (DE:96M) ) has issued an update.
Gigante Salmon AS reported significant advancements in its construction projects during the fourth quarter of 2024, with the first basin showing promising salmon growth. The company plans to achieve full production by 2026, targeting an annual harvest capacity of 16,000 tonnes by 2028. Despite delays due to adverse weather impacting construction timelines and costs, the company remains on track to begin harvesting in the second quarter of 2025 and expects to launch full-scale operations in 2026.
More about Gigante Salmon AS
Gigante Salmon AS is a land-based salmon farming company operating its first production facility on Lille Indre Rosøy in Rødøy, Norway. The company utilizes a flow-through system that combines conventional and land-based aquaculture benefits, aiming to resolve issues associated with traditional sea-based farming.
YTD Price Performance: 1.88%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €116.9M
See more insights into 96M stock on TipRanks’ Stock Analysis page.
