The roller coaster ride in NaturalShrimp Inc (OTCMKTS:SHMP) continues in big-top fashion in recent days, with a wild launch followed by a nauseating drop, only to be followed by a fresh bounce of strong magnitude to close out the week. The new driver in the action was the company’s announcement that it is placing an immediate order for three additional water treatment systems to accelerate the harvesting expansion of their new, patented technology at their LaCoste, Texas, facility.
According to the release, “These new systems will allow Natural Shrimp to facilitate their rollout and expansion by adding additional harvests to their present capability. They will immediately start to process water in additional tanks in preparation for new shrimp stock. This new equipment enables NaturalShrimp to increase operations, while at the same time providing additional R&D development for continuous innovation.”
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.”
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As noted above, SHMP just announced that it is placing an immediate order for three additional water treatment systems to accelerate the harvesting expansion of their new, patented technology at their LaCoste, Texas, facility.
“We are now in a position to initiate expansion of our present capabilities to meet the growing consumer demand for our product,” said Bill G. Williams, CEO.
Recent action has seen in excess of 1700% tacked on to share pricing for the listing in the past month. What’s more, the company has registered increased average transaction volume recently, with the past month seeing approaching 350% over what the stock has registered over the longer term.
“We couldn’t be more excited about the opportunity to provide these additional systems to NaturalShrimp to increase the amount of fresh farmed shrimp they can produce,” said Peter Letizia, CEO of F&T Water Solutions.
According to the release, NaturalShrimp and F&T together developed and patented the Vibrio Suppression Technology system eliminating water-borne bacteria and other harmful organisms and allowing many other aquatic species to grow and thrive in an indoor all-natural environment that can be replicated anywhere in the world. The companies through their subsidiary, Natural Aquatic Systems, are apparently currently entertaining possible joint ventures and/or licensing candidates for many indoor species, including Barramundi and Salmon.
Earning a current market cap value of $102.33M, SHMP has virtually no cash on the books, which must be weighed relative to about $6.4M in total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments transpire. 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.