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An update from Clean Seas Seafood Limited ( (AU:CSS) ) is now available.
Clean Seas Seafood Limited has reported the detection of a harmful algae bloom, karenia mikimotoi, at its Arno Bay hatchery, which has led to increased fish mortalities, particularly among the smallest fingerlings. Despite this, the company has contingency plans in place, including additional broodstock and the ability to adjust future intakes, ensuring no material impact on future harvests or sales. The company maintains its previously provided guidance, indicating stability in its operations despite the environmental challenge.
The most recent analyst rating on (AU:CSS) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Clean Seas Seafood Limited stock, see the AU:CSS Stock Forecast page.
More about Clean Seas Seafood Limited
Clean Seas Seafood is a fully integrated Australian aquaculture business, listed on the Australian Securities Exchange and Euronext Growth Oslo. The company is a global leader in the full cycle breeding, farming, processing, and marketing of Hiramasa or Yellowtail Kingfish, known for its exceptional quality and sustainable farming practices. Clean Seas is the largest producer of aquaculture Yellowtail Kingfish outside Japan.
YTD Price Performance: 51.69%
Average Trading Volume: 151,551
Technical Sentiment Signal: Sell
Current Market Cap: A$28.29M
See more insights into CSS stock on TipRanks’ Stock Analysis page.