Røkke's stake is close to doubling after the acquisition

Røkke's stake is close to doubling after the acquisition

The sale is expected to be completed during the fourth quarter of 2024 if all conditions are met.

Reduced Greg's Canadian ban

Salmon company Greg's Seafood The stock ended down 11.9 per cent to NOK 65.30 per share after it became known that Canada plans to ban open-cage salmon farming in British Columbia. The stock also went ex-dividend today.

– It's the worst for Greg's Seafood, there's no doubt about that. About 25 per cent of the company's slaughter volumes come from British Columbia, says seafood analyst Hermann Alexander Dahl at Nordea to Finansavisen.

Giant salmon Moi It also has operations in the region, but much less than Gregg. Mowi shares fell 2.4 percent to NOK 184.10 per stock share.

A new entrant in the stock market Cavendish hydrogen It ended the day up 20.7 percent to NOK 37.25 per stock share. Shares have been flying through the walls on Oslo Børs following the listing last week. The stock price fell by more than half in just three days of trading, but has risen this week.

– This is a classic short squeeze, investment expert Mads Johansson at Nordnet told Finansavisen yesterday.

The Norwegian Financial Supervision Authority's short history shows that 7 percent of the company is short-selling, which is in line with the shorted stake in Nel. Those who were short on Neil in the cross-over also automatically became short on Cavendish.

Other movements

Biotechnology company Nicode treatments It has made progress on its reversible vaccine platform, they said in a stock exchange announcement. The stock rose 4.3 percent to NOK 15.14 per stock share.

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Arendal Waterfall Company Kitron Arendal will build a new production facility of about 7,500 square meters for Kitron Arendal, Kitron reported on Thursday. Arendal's Fossekompani fell 1.9 percent to NOK 156.6 percent. stock.

Processing company Northern Ocean It made a private placement on Wednesday evening and generated gross proceeds of around NOK 634 million. The stock fell 7.0 percent to NOK 7.50 per share. stock.

DNB Markets analyst Ole Martin Westgaard lowered his price target for the airline Norwegian From NOK 19 to NOK 17 per share, while maintaining the buy recommendation. The analyst says this year's guidance is at risk of collapsing. The stock fell 9.5 percent to NOK 12.65 per share. stock.

Dalila Awolowo

Dalila Awolowo

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