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The latest announcement is out from Gigante Salmon AS ( (DE:96M) ).
Gigante Salmon AS has published its 2024 annual report, highlighting its progress towards full production capacity by 2026, with an expected annual production of 16,000 tonnes HOG by 2028. The company plans to start harvesting its pilot production in Q2 2025, with a release of 2.2 million smolt in Q3 2025, marking significant milestones in its operational development.
More about Gigante Salmon AS
Gigante Salmon AS is a land-based salmon farming company based in Norway, with its first production facility under construction on Lille Indre Rosøy in Rødøy. The company employs a flow-through aquaculture system, which combines the benefits of conventional and land-based farming while addressing issues associated with traditional sea-based methods.
YTD Price Performance: 1.88%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €118.5M
See more insights into 96M stock on TipRanks’ Stock Analysis page.