SalMar ASA (OTCMKTS:SALRF) Shares Up 16.4% – Still a Buy?

SalMar ASA (OTCMKTS:SALRFGet Free Report)’s share price shot up 16.4% during trading on Friday . The stock traded as high as $64.36 and last traded at $64.36. 1,001 shares were traded during mid-day trading, a decline of 20% from the average session volume of 1,254 shares. The stock had previously closed at $55.30.

SalMar ASA Stock Performance

The stock’s 50-day moving average price is $54.21 and its 200 day moving average price is $52.97.

About SalMar ASA

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SalMar ASA (OTCMKTS:SALRF) is a Norwegian aquaculture company and one of the world’s leading producers of Atlantic salmon. Established in 1991 and headquartered in Frøya, Trøndelag, the company operates a network of marine farms along the Norwegian coastline under long-term licenses. SalMar’s integrated model spans the entire salmon production chain, from broodstock and smolt production to harvesting, processing and distribution.

The company’s core operations include marine grow-out sites, land-based hatcheries and advanced recirculation aquaculture systems (RAS) designed to enhance biosecurity and production consistency.

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