Murray Cod Australia says no effect from Darling River fish deaths

Company News

by Rachael Jones

The Board at Murray Cod Australia (ASX:MCA) says their fish stocks have not been affected by the recent fish deaths on the Darling River.

Fish kills have been caused by a Low Dissolved Oxygen event associated with the rapid die off of an algal bloom along this section of the river.

These events are isolated to the Darling River - all of MCA’s production is based on the Murrumbidgee and Murray River Systems and we have sufficient allocation of high quality water.

These river systems are fed from the Snowy Mountains Region of South Eastern Australia that are higher rainfall environments coupled with snow melts that makes the water supply very reliable.

The Board extends its sympathy to the drought affected property owners and townspeople along the Darling River that have been affected by the recent fish kills.

Shares in Murray Cod Australia (ASX:MCA) last traded at $0.20.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.