Seadragon shares gain on improved earnings outlook, capital needs

Tue, 06 Feb 2018

By Paul McBeth Feb. 7 (BusinessDesk) - Seadragon shares swam against the market today, rising on the company's forecast for earnings to improve in the current financial year with solid demand for its fish oil products. The shares rose 20 percent, or 0.1 cents, to 0.6 cents on a day when the global rout caught up with New Zealand after yesterday's holiday and driving a 1.3 percent decline in the S&P/NZX All Index, with 79 of the 113 stocks down in early trading. Seadragon was one of the 29 to gain after saying it shipped more than 100 ton...

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