No salmon yet, but shares rise
THE land based salmon farming company Atlantic Sapphire has seen its shares rise more than 150 per cent since January, more than any other listed salmon farmer.
The company’s share price on the Oslo Ex per share in late November.
Although Atlantic Sapphire is building a land based farm in Miami, which it claims will be the biggest in the world, with plans for 90,000 tonnes of salmon, it has so far harvested very little fish from its existing plant in Denmark.
The company has been backed by Norway’s DNB bank, as well as Denmark’s export credit agency EFK, and has said it is on track to harvest 9,500 tonnes of annual output from the plant by mid-2020. In November, it stocked its