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The latest announcement is out from New Zealand Coastal Seafoods Limited ( (AU:NZS) ).
New Zealand Coastal Seafoods Limited announced its quarterly activities report for the period ending September 2024, highlighting significant operational changes and financial adjustments. The company successfully completed initial explorational fishing trips in the Coral Sea, revealing promising fish stocks, and decided to close its loss-making New Zealand operations, which resulted in reduced losses and increased net assets. The company is exploring opportunities to commercialize its Coral Sea Fishery permits and is considering a potential acquisition to boost future revenues.
More about New Zealand Coastal Seafoods Limited
New Zealand Coastal Seafoods Limited is a processor, distributor, and exporter of premium seafood products, as well as a secondary producer of nutraceutical and marine ingredients. The company is listed on the ASX under the code NZS and has a market focus on leveraging its Coral Sea Fishery permits.
Current Market Cap: A$3.33M
For detailed information about NZS stock, go to TipRanks’ Stock Analysis page.
