'They can't continue to burn cash at this rate,' DNB analyst warns on Atlantic Sapphire outlook

Water temperature issues are the latest in a string of setbacks that have dogged Atlantic Sapphire, and now executives need fresh funding to keep operations running.

Several years ago, the company had a market cap exceeding $1 billion (€926 million). Its market cap at the close of trading on Tuesday was $58.6 million (€54 million).
Several years ago, the company had a market cap exceeding $1 billion (€926 million). Its market cap at the close of trading on Tuesday was $58.6 million (€54 million).Photo: Shutterstock
Published 29 August 2023, 18:57Updated 29 August 2023, 18:57