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Proximar Seafood AS ( (DE:84Q) ) just unveiled an update.
Proximar Seafood AS reported a production update for its Oyama facility in Japan, showing a standing biomass of 1,126 metric tonnes by the end of Q1 2025. Despite challenges from reduced feeding impacting growth rates, the company remains on track to reach its long-term harvest target of 5,300 tonnes per year by 2027. The company achieved a premium price for its Fuji Atlantic salmon, which is in demand in Japan and has been exported to Taiwan, reflecting strong market positioning.
More about Proximar Seafood AS
Proximar Seafood is a Norwegian company specializing in land-based salmon farming, with its first production facility located at the foot of Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, aiming to reduce costs and carbon footprint by being near a major fish market.
YTD Price Performance: -2.46%
Average Trading Volume: 846
Technical Sentiment Signal: Buy
Current Market Cap: €41.5M
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