Aquabounty share price down 18% after Atlantic Sapphire mortality

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Ripple effect of incident at land-based fish farming frontrunner player bites.

On Wednesday, it was widely reported that Atlantic Sapphire lost 500 tonnes due to an incident at its Miami facility, preliminary pointing the finger at a “design weakness” from its RAS supplier Billund Aquaculture.

Billund Aquaculture told SalmonBusiness that it was not involved with or informed of Atlantic Sapphire’s analysis, but that it has offered help to clarify the cause after mass death.

For Aquabounty, the GM land-based salmon farmer producing its fast-growing fish in tanks in Indiana, USA, the Atlantic Sapphire news rocked it to the point that its share price dropped 18 per-cent in a day on the NASDAQ.

Other Oslo Stock Exchange-listed land-based salmon farmers Salmon Evolution, Proximar Seafood, Andfjord Salmon and Nordic Aqua Partners took a hit.

SOURCE: Infront