Salmones Camanchaca's stock rockets in the Oslo Stock Exchange
Tuesday, January 14, 2020, 02:30 (GMT + 9)
Salmones Camanchaca takes joyful accounts in these first two weeks of the year, accumulating a 10% increase in the Oslo Stock Exchange. But the result in Norway has not been spread in Chile.
In the same period, the salmon farmer´s shares accumulate only 0.45% on the Santiago Stock Exchange, while e Camanchaca, its parent company, records a 9.9% increase in these two weeks.
“In Norway, they could have information about the salmon market that is not always transmitted immediately to a market like ours, where these shares have little liquidity, but these stock trading results tend to disappear, because there is no financial explanation,” says Guillermo Araya of Rent 4.
In fact, with a rise of 3.7%, Camanchaca is the best performance of the day, while Salmones Camanchaca is heading to dismiss operations with a low of 0.89%.
The stock trading is in line with the complex scenario experienced by salmon companies in Norway. According to media in that country, companies that export to Canada face an eventual demand for up to USD 500 million in accusations of collusion. The Canadian lawsuit was filed last January 3 in Toronto.
Source: La Tercera
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