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Angel Seafood (ASX:AS1) recommences oyster production at Coffin Bay

ASX News, Consumer
ASX:AS1      MCAP $21.92M
14 December 2021 15:22 (AEDT)
Angel Seafood (ASX:AS1) - Chairman Tim Goldsmith (left) and CEO, Zac Halman (right)

Source: Angel Seafood

Angel Seafood (AS1) has recommenced its oyster production at Coffin Bay.

The company paused its production late last month, after Vibrio Parahaemolyticus concerns.

Vibrio Parahaemolyticus is a bacteria that occurs naturally in coastal marine water and estuary environments. When eaten, the bacteria can cause gastro.

The Department of Primary Industries and Regions in South Australia (PIRSA) halted the sale of stock in SA, WA and Victoria to help determine the cause of an increase in cases of Vibrio Parahaemolyticus.

After weeks of testing, Angel’s oysters have been given the all-clear. Due to this, the company has begun ramping up production and is moving quickly to distribute the oysters to meet peak season demand.

Angel will continue to work closely with the Government and other parties to conduct sample testing across its leases with a view to reach 100 per cent operational capacity by the end of December.

Notably, Angel said its stock has been kept in healthy water to be sold.

On the market today, Angel was up 3.85 per cent and is trading at 13.5 cents per share at 2:23 pm AEDT.

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