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An announcement from Nordic Halibut AS ( (DE:9K1) ) is now available.
Nordic Halibut AS has announced an increase of NOK 60 million in their overdraft facility agreement with Sparebank 1 Sør-Norge, now totaling NOK 260 million. This financial move, supported by an Eksfin financing guarantee, is intended to bolster the company’s liquidity to finance growth in biomass, aligning with their strategy for organic growth and increased production.
More about Nordic Halibut AS
Nordic Halibut AS is a leading Atlantic halibut farmer based in Western Norway with its headquarters in Averøy, Nordmøre. The company boasts a fully integrated value chain from genetics to sales and has achieved significant progress in early phase production. They have an ambitious growth plan targeting production volumes of 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031.
YTD Price Performance: -6.11%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €68.81M
For a thorough assessment of 9K1 stock, go to TipRanks’ Stock Analysis page.
