OB:NCODFood
Norcod (OB:NCOD) Stock Price Rally Meets Cash Burn Reality
Norcod’s share price has been climbing in recent weeks, yet today’s earnings reality is still about strain rather than comfort. The stock came into this report with a roughly 25% gain over the past month, but Q2 again showed the cost of scaling up farmed cod. Revenue landed at about NOK 56.9m while the company reported a quarterly loss of NOK 31.5m. The key storyline is not growth at the top line; it is the pressure on profitability and the balance sheet as biomass expands faster than cash...