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Murray Cod Australia Limited ( (AU:MCA) ) just unveiled an update.
Murray Cod Australia Ltd has secured a $43 million funding from Westpac, which will refinance existing debt and support expansion, including the purchase of property and completion of the Stanbridge site. The construction at Stanbridge is on schedule, expected to significantly increase the company’s production capacity with 78 grow-out ponds, enhancing its long-term biomass growth strategy. The company is also advancing its market distribution, initiating exports to Thailand and exploring opportunities in China, indicating strategic growth and increased market presence.
More about Murray Cod Australia Limited
Murray Cod Australia Ltd operates in the aquaculture industry, primarily focusing on the production and distribution of Murray cod, a native Australian freshwater fish. The company is engaged in expanding its market reach with recent distribution efforts to Thailand and potential discussions with China.
YTD Price Performance: 0.0%
Average Trading Volume: 1,230,617
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$148.1M
See more data about MCA stock on TipRanks’ Stock Analysis page.
