Proximar Seafood AS Reports Positive Progress in Japanese Salmon Production

The latest update is out from Proximar Seafood AS ( (DE:84Q) ).

Proximar Seafood AS reports positive developments in its land-based salmon production at the Oyama facility in Japan, with a standing biomass of 1,058 metric tonnes by the end of Q4 2024. The company successfully initiated sales in the Japanese market, receiving positive feedback on quality and taste, despite facing biofilter incidents that impacted growth rates. Proximar remains optimistic about future production, having implemented measures to address water quality issues and construction weaknesses.

More about Proximar Seafood AS

Proximar Seafood is a Norwegian land-based salmon farming company operating a facility at the foot of Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, which is harvested on the same day. Their strategic location near major fish markets offers advantages in cost and carbon footprint reduction.

YTD Price Performance: 6.79%

Average Trading Volume: 2,665

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €44.1M

Find detailed analytics on 84Q stock on TipRanks’ Stock Analysis page.