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New Zealand Coastal Seafoods Limited ( (AU:NZS) ) has provided an update.
New Zealand Coastal Seafoods Limited has announced the completion of the maiden explorational fishing trip of its 387-ton vessel, MV Bluefin, in the Coral Sea Fishery, which resulted in landing around 5 tons of seafood products. The company has also installed a new $150,000 Long Line Drum on the vessel to enhance its fishing capabilities, with expectations to increase production to 20 tonnes per trip, indicating a strategic move to expand its operations and market presence.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited operates in the seafood industry as a producer, processor, supplier, distributor, and exporter of premium seafood products.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.33M
For a thorough assessment of NZS stock, go to TipRanks’ Stock Analysis page.