It will be interesting to see if this is the birth of another rampaging run for shares of NaturalShrimp Inc (OTCMKTS:SHMP). The stock did an amazing magic act up the chart in February, soaring from $0.02 to nearly $1/share in less than two weeks. But almost all of those gains were given back over the following 6 months. However, Friday brought some reason to watch this stock, with a bona fide breakout on the upside. To help flesh the story out, the company just announced that they have entered into an agreement that will expand their first commercially-viable system for growing aquatic species indoors to include not just shrimp, but all aquatic species, with the integration of Hydrogas, the patent-pending, anti-oxidant treatment offered by Hydrenesis, Inc.
According to the release, “NaturalShrimp is already in the process of expanding existing operations, and this additional patented-pending technology will allow its subsidiary, Natural Aquatic Systems, to expand its RAS capabilities outside of shrimp to cover all aquatic fresh and saltwater species, significantly expanding the Company’s market reach. NaturalShrimp is also testing the Hydrogas technology in combination with its own ChlorineGas technology to determine what other efficiencies can be added to its current RAS methodology. NaturalShrimp and F&T Water Solutions, LLC have already received U.S. Patent No. 10,163,199 B2 for the Recirculating Aquaculture System and Treatment Method for Aquatic Species (December 25, 2018) and NaturalShrimp maintains the exclusive worldwide rights for any shrimp species utilizing this patent.”
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 they have entered into an agreement that will expand their first commercially-viable system for growing aquatic species indoors to include not just shrimp, but all aquatic species, with the integration of Hydrogas, the patent-pending, anti-oxidant treatment offered by Hydrenesis, Inc.
We’ve witnessed 62% tacked on to share pricing for the listing in the past month. Furthermore, the listing has benefitted from a jump in recent trading volume to the tune of 43% over what the stock has registered over the longer term.
Gerald Easterling, President of NaturalShrimp, commented, “We continue to improve operations on our initial focus of bringing shrimp to market, and with this agreement, we are poised to expand our capabilities to additional species as well. The additional species proposed for further testing are barramundi, salmon, and tilapia.”
Currently trading at a market capitalization of $41M, SHMP has a reserve ($137K) of cash on the books, which is balanced by about $4M in total current liabilities. The company is pre-revenue at this point. We will update the story again soon as further details emerge. 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.