Finance

Stunning decline in Atlantic Sapphire shares strips away $240 million in 24 hours

Share prices plummeted over 20% during the course of the day in reaction to a negative update on the company's land-based salmon farming operations.

Atlantic Sapphire shares plummeted on the Oslo Stock Exchange after poor quarterly results.
Atlantic Sapphire shares plummeted on the Oslo Stock Exchange after poor quarterly results.Foto: Eugene Hoshiko
Published 15 April 2021, 15:39Updated 19 April 2021, 13:19
Land-based salmonRecirculating Aquaculture Systems (RAS)Atlantic SapphireFarmed salmonJohan Andreassen