Algae shock inflating Mowi’s valuation

New all time high today.

The listed salmon farmers, with the exception of SalMar, have steered away from losses from the algae shock which has shaken the fish farming industry in parts of Troms and Nordland, Northern Norway.

According to several investment banks, the extraordinary mortality from the algae bloom in the north has resulted in a reduced future harvest volume of between 30,000 and 40,000 tonnes this year.

Sparebank1 Markets is now increasing its price target for six of the salmon farming stocks, according to a report that was distributed to customers on Sunday.

The Mowi share has never been more valuable than today.

Monday morning the stock price climbs to NOK 211 at the Oslo Stock Exchange. This implies a valuation of the company’s equity of €11 billion.

Over the past five years, Mowi’s share price has almost tripled in value.

Source: Infront

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