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The latest update is out from Gigante Salmon AS ( (DE:96M) ).
Gigante Salmon AS announced delays in construction at its Rødøy facility due to bad weather, impacting cost estimates and timelines. While costs are expected to rise slightly from previous estimates, they remain within the company’s financing capacity, indicating a manageable impact on their financials.
More about Gigante Salmon AS
Gigante Salmon is a land-based salmon farming company, focusing on innovative aquaculture solutions. Its first production facility is under construction in Rødøy, Norway, utilizing a flow-through system to combine the benefits of conventional and land-based aquaculture while addressing challenges of sea-based farming.
YTD Price Performance: 7.81%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €122.5M
See more insights into 96M stock on TipRanks’ Stock Analysis page.
