Nordic Aqua's On-land Salmon Farming and Insider Investment

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Nordic Aqua Partners A/S (NOAP:NO), operates an on-land Atlantic salmon farm in Ningbo, China, specializing in fish and shellfish breeding. Founded in 2016, it's headquartered in Ribe, Denmark, with a market cap of 1.4 billion NOK.

Insider Boost

Chairman of the Board, Atle Sveinung Eide, a seasoned Norwegian professional with a rich history in the seafood, finance and agriculture sectors made a significant move on Feb 21. 

Mr. Eide purchased 20,000 NOAP shares amounting to approximately $175,544. His extensive experience and strategic positions in renowned companies like Mowi (Marine Harvest) and HitecVision underline the significance of this insider buying activity.

Positive Q4 Earnings

Q4 2023 showcased Nordic Aqua's strong performance. A test harvest of 5.0 kg live-weight fish with high quality, minimal mortality (<1.6%), and no signs of maturation reflected good fish health. Biomass production hit 469 tonnes, with total biomass reaching 1,079 tonnes by quarter-end.

Continuous Growth and Tech Enhancement

Q4 2023 saw key hires, strengthening the organization. Nordic Aqua aims for a monthly harvest of 350 tonnes by Q2 2024. Continuous technological refinement underscores the company's commitment to operational excellence over rapid expansion.

In summary, the recent insider buying by Chairman Atle Sveinung Eide coupled with the positive Q4 performance reinforces investor confidence in Nordic Aqua's strategic vision and its potential for sustained growth in the burgeoning aquaculture industry.