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The latest update is out from Masoval AS ( (DE:9QP) ).
Måsøval AS reported a successful third quarter with increased biomass despite challenges like elevated sea temperatures and high sea lice pressure. The company strategically reduced harvest activity to carry more biomass into the fourth quarter, anticipating a rise in salmon prices. With a high share of spot sales, Måsøval is well-positioned to benefit from the expected market conditions, aiming for improved profitability. The company also reported an increase in the share of superior quality salmon and plans to increase its annual harvest in 2025.
More about Masoval AS
Måsøval AS operates in the seafood industry, focusing primarily on salmon farming. The company is known for its strategic operational decisions and investments in treatment capacity, which enhance its market positioning and operational readiness.
Average Trading Volume: 14,699
Current Market Cap: NOK2.88B
For a thorough assessment of 9QP stock, go to TipRanks’ Stock Analysis page.