OB:GIGAFood
Gigante Salmon (OB:GIGA) Stock Price Sinks As Losses Deepen And Revenue Slips
Gigante Salmon went into this earnings print with the stock under pressure, down about 20% over the past week and roughly 28% over three months. That is classic capitulation territory for a young, unprofitable fish farmer. The headline from Q2 is straightforward: Revenue came in at NOK 40.72 million, while the company booked a net loss of NOK 11.24 million. The market is reacting to that loss and the ongoing cash strain. The real question is whether today’s selling is simply fear of red ink...