NZ'S Sanford rises; mussel breeding programme likely to churn NZ$200 mln/yr

Sanford

18/10/2019 04:34

** Shares of New Zealand-based Sanford Ltd  SAN.NZ  rise as
much as 2.0% to NZ$7.1, their highest in almost 11 months
    ** The Seafood co says that results of its Greenshell mussel
breeding programme showed that work is expected to be worth
around NZ$200 mln ($127.30 mln) a year  urn:newsml:reuters.com:*:nNZW8TlzQm
    ** Stock posts its biggest intraday percentage gain since
Aug 28
    ** Over 172,000 shares change hands, compared with the
30-day average volume of about 61,000 shares
    ** Stock second biggest percentage gainer on the S&P/NZX 50
GR index  .NZ50 
    ** Stock up 5.5% this year as of last close


($1 = 1.5711 New Zealand dollars)

 (Reporting by Shreya.D in Bengaluru)
 ((Shreya.d@thomsonreuters.com))