SalMar ASA (OTCMKTS:SALRF – Get Free Report) shares dropped 4.8% during trading on Thursday. The company traded as low as $59.00 and last traded at $59.00. Approximately 2,000 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 3,700 shares. The stock had previously closed at $62.00.
SalMar ASA Price Performance
The firm has a 50 day moving average price of $58.29 and a 200 day moving average price of $56.37.
About SalMar ASA
SalMar ASA is a Norwegian aquaculture company engaged primarily in the farming, processing and sale of Atlantic salmon. The company produces farmed salmon for domestic and international food markets and manages activities across the aquaculture value chain, including marine farming operations, harvesting and seafood processing.
Founded in 1991, SalMar began with a single salmon-farming license in Norway and has grown into one of the country’s major salmon producers. Its Norwegian operations are concentrated along the coast, including regions such as Møre og Romsdal, Trøndelag and Troms and Finnmark.
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