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Farmed Salmon Company AquaBounty Shares Take a Deep Dive

Stock prices for farmed salmon company AquaBounty have plunged so low that NASDAQ is threatening to de-list it. Shares are currently trading for a paltry 65 cents. They were $23 in 2017.

The company is currently working on getting a new plant operational in Ohio, but according to National Fisherman, a whistleblower case in Indiana is casting a shadow on the operations as a whole. “Former AquaBounty employee, Braydon Humphrey, claims that the Indiana facility regularly violated food and worker safety standards, ignored animal welfare concerns, and has had environmental impacts that investors were unaware of,” National Fisherman said.

NASDAQ gave AquaBounty until May 1, 2023, to get its share prices up. The company has lost over $100 million since 1991, and $5.5 million in the second quarter of 2022 alone.

 

SOURCE:

National Fisherman November 8, 2022