Grieg Seafood Suffers Main Blow as Canada Plans to Ban Open Cage Salmon Farming

The sale is predicted to be accomplished within the fourth quarter of 2024, if all circumstances are met.

The Canadian ban put Grieg down

The salmon firm Greek seafood down 11.9 p.c to NOK 65.30 p.c inventory after being acknowledged Canada plans to ban open cage salmon farming in British Columbia. The share went out of dispossession as we speak as nicely.

– It’s the worst factor for Grieg Seafood, there isn’t any doubt about that. About 25 p.c of the corporate’s kill volumes come from British Columbia, says seafood analyst Herman Aleksander Dahl at Nordea to Finansavisen.

The salmon large Saying he additionally has works within the space, however far fewer than Grieg. Mowi share fell 2.4 p.c to NOK 184.10 p.c inventory.

Inventory market novice Hydrogen Cavendish The day ended with 20.7 p.c to NOK 37.25 p.c inventory. The share has been flying between the partitions on Oslo Børs after itemizing final week. The share value greater than halved in simply three days of buying and selling, however this week it has shot up.

– This can be a basic quick recreationfunding economist Mads Johannesen at Nordnet advised Finansavisen yesterday.

The quick file of the Norwegian Monetary Supervisory Authority reveals that 7 p.c of the corporate is shorted, which corresponds to the quick share in Nel. Those that had been quick Those that had been quick in Nel on the spin-off had been additionally routinely quick in Cavendish.

Different actions

The biotechnology firm Nykode Therapeutics has made progress with its inverse vaccination platform, they report in a inventory alternate announcement. The share rose 4.3 p.c to NOK 15.14 p.c inventory.

Arendal Falls Firm should construct a brand new manufacturing facility about 7,500 sq. meters for Kitron Arendal, Kitron reviews on Thursday. Fossekompani Arendal fell 1.9 p.c to NOK 156.6 per inventory.

The rigging firm North Sea made a personal placement on Wednesday night time and introduced in a complete revenue of round NOK 634 million. The share fell 7.0 p.c to NOK 7.50 per share. inventory.

DNB Markets analyst Ole Martin Westgaard cuts the airline’s value goal Norwegian from NOK 19 to NOK 17 per share, whereas the purchase advice is maintained. The evaluation argues that this yr’s steerage is in peril of breaking down. The share fell 9.5 p.c to NOK 12.65 per share. inventory.