The founders and board members of land-based salmon farming group Atlantic Sapphire announced a second round of major share price purchases Friday in an effort to signal confidence to the market and stem the extended slide in the stock price.

The founders of land-based salmon farmer Atlantic Sapphire and two board members snapped up a total of NOK 3.3 million (€328,464/$2.7 million) in additional shares in the group to staunch the bleeding from a massive sell-off in the wake of bleak first-quarter numbers.