Prior to November, Neptune Technologies (NEPT) (NTB.TO) had been a Quebec-based producer of “krill oil”, a “neutraceutical” alternative to fish oil supplements as an Omega 3 source. The company currently still has a market cap of $150 million and typically trades over 200,000 shares per day and has liquid options in December, January and February.
On November 8th, a massive explosion ripped through Neptune’s only production facility, killing three people and sending 19 survivors to the hospital, some with critical injuries. In all, this amounts to 20% of Neptune’s workforce. The pictures and videosshow that it was a miracle that anyone was able to survive this horrific industrial disaster. All that remained of the factory was a smoldering pile of twisted metal I beams and pulverized concrete.