Clearly, one of the most impressive demonstrations of unworldly momentum to show up on the OTC so far in 2019 is captured by the chart of NaturalShrimp Inc (OTCMKTS:SHMP). Shares have gone completely parabolic in recent days, and now evidence an extraordinary 875% since the middle of January. Helping to further flesh out the story, the company just announced that, by growing fresh, gourmet-grade shrimp in an indoor environment, the company is avoiding significant environmental problems that have “plagued other means to grow and harvest shrimp.”
According to the release, “NaturalShrimp is producing shrimp economically in an indoor all-natural environment that can be replicated anywhere in the world. Its patented technology (vibro suppression) ensures that harmful organisms cannot destroy the shrimp. Shrimp is the single most consumed seafood in the world, with nine billion pounds eaten annually.”
NaturalShrimp Inc (OTCMKTS:SHMP) bills itself as a global shrimp farming company that is developing a technology to produce fresh, gourmet-grade shrimp reliably and economically in an indoor, re-circulating, saltwater facility.
Its eco-friendly, bio-secure design does not rely on ocean water, but rather recreates the natural ocean environment allowing for high-density production which can be replicated anywhere in the world.
The company was founded in 2001 and is based in Dallas, Texas.
According to the release, “NaturalShrimp, Inc. (OTCQB: SHMP) is a publicly traded agro-technology company headquartered in Dallas, Texas with production facilities located near San Antonio in LaCoste, Texas. The Company has developed the first commercially viable system for growing shrimp indoors using patented technology that produce fresh, never-frozen, naturally grown shrimp without the use of antibiotics or toxic chemicals. NaturalShrimp systems are self-contained, saltwater production facilities that can be located anywhere in the world to produce gourmet-grade Pacific White Shrimp.”
Find out when $SHMP reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
As noted above, SHMP just announced that, by growing fresh, gourmet-grade shrimp in an indoor environment, the company is avoiding significant environmental problems that have “plagued other means to grow and harvest shrimp.”
While it doesn’t appear to be a consequence of this announcement that the stock has taken flight on this latest extreme and parabolic extension higher, the concept conveyed in the release has clearly resonated.
The chart shows better than 850% during the past month in terms of shareholder gains in the name. What’s more, the company has registered increased average transaction volume recently, with the past month seeing approaching 210% above the average volume levels in play in this stock over the longer term.
“What we are bringing to not only the U.S., but internationally, is a safe way to grow shrimp that solves these major environmental problems. Ours is a disruptive revolution in the growing and harvesting of this vital seafood,” said Bill G. Williams, Chairman and CEO of NaturalShrimp.
Now commanding a market cap of $50.02M, SHMP has virtually no cash on the books, which is balanced by about $6.4M in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $SHMP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $SHMP, either long or short, and we have not been compensated for this article.