Midway through last month, we put out a piece on NaturalShrimp Inc (OTCMKTS:SHMP) suggesting that it may be starting to heat back up in a big way for long-side traders. That has turned out to be a very prescient call, with shares of the stock now launching higher in recent days on a major technical and fundamental breakout above key resistance on strong catalysts. One key to the move was the company’s recent announcement, along with Hydrenesis, Inc., that the two companies have delivered one of their water treatment systems to Bergen, Norway to test the system’s efficacy in reducing or eliminating the bacteria, viruses, and diseases that have decimated both indoor and outdoor aquaculture to date.
According to the release, “the international aquaculture industry is growing annually. The finfish industry is one of the most developed sectors in the industry and its fish farmers are known for being early adopters of new technologies that stimulate sector growth (such as smart-farming platforms, automated centralized feed systems, and new “clean” treatments for wastewater and culture water). The salmon industry, for example, is predominantly using sea cage culture, married with recirculation systems, for smolt and post-smolt production.”
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, along with Hydrenesis, Inc., that the two companies have delivered one of their water treatment systems to Bergen, Norway to test the system’s efficacy in reducing or eliminating the bacteria, viruses and diseases that have decimated both indoor and outdoor aquaculture to date.
Recent action has seen 70% piled on for shareholders of the name during the trailing month. In addition, the listing has seen interest climb, with an increase in recent trading volume of 31% over what the stock has registered over the longer term.
Gerald Easterling, CEO of NaturalShrimp, commented, “We continue to expand our aquaculture capabilities after our initial focus of bringing shrimp to market, and with this development, we are poised to expand our capabilities to additional species as well.”
Peter Letizia, CEO of F&T Water Solutions, added: “The Bergen project gives us a great opportunity to test and optimize our industry-leading Hydrogas® technology for control and removal of known pathogens in aquaculture wastewater.”
David Antelo, CEO of Hydrenesis, said: “We’re happy to provide technology that gives NaturalShrimp control over the oxidation processes that create so much havoc in the tanks. We believe that the key to profitability and success in the aquaculture business moving forward will be in eliminating the devastating effects of oxidation using anti-oxidant (reducing) technologies like ours.”
Earning a current market cap value of $54M, SHMP has a reserve ($818K) of cash on the books, which compares with about $4.8M in total current liabilities. The company is pre-revenue at this point. We will update the story again as 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.