Companies sell fluctuating shares of Atlantic Sapphire
Denmark: Shares of the on-land salmon producer have experienced significant volatility in recent years, dropping from US$14 per share in 2021 to US$0.62 per share currently.
Two companies in which cofounder Bård-Vegard Løvik of Atlantic Sapphire and the outgoing CEO of the company, Johan Andreassen, have sold 1.1 million shares of the Florida-based aquaculture company, as reported by Atlantic Sapphire recently.
However, the stock market announcement does not indicate to whom the shares were sold.
The two companies, Alsco and JEA Invest, sold these shares at a price of NOK 7.55 per share (US$0.71 per share).
In total, the shares were sold for approximately NOK 8.6 million (US$813 thousand).
Bjørn-Vegard Løvik, is the chairman of Alsco, which has three other members on the board of directors: Johan Andreassen, Arne Inge Andreassen, and Earl Leidulf Løvik.
The shares of Atlantic Sapphire have experienced significant volatility in recent years. The price reached a peak of NOK 150 (US$14.19) per share in February 2021, but has since experienced a sharp decline.
As of today, the stock price is at NOK 6.6 (US$0.62), the lowest price ever seen.
Over the past year, the stock price has fallen by approximately 89.6%.
