We recently put out a piece that highlighted significantly bullish action in shares of NaturalShrimp Inc (OTCMKTS:SHMP). That was late last month, and it has turned out to be quite a prescient call at this point, with the stock rising nearly 100% in the intervening time. Volume has been strengthening and positive catalysts continue to pile up. Helping to further flesh out the narrative, the company just announced with Hydrenesis that they have signed a 5-year agreement with Hanilu Farms of Indiana to operate their Hydrogas water treatment system.
According to the release, “Hanilu Farms came to us with the goal of reducing their mortality and feed rate while increasing grow out stock that have limited the full potential of indoor barramundi aquaculture to date. The international aquaculture industry is growing annually. The finfish industry is one of the most developed industries and are generally adopters of new technologies. The Barramundi industry has been one of the major targets for Hydrenesis and Natural Aquatic Systems for this proof of concept work. This new agreement with Hanilu Farms provides another milestone in testing our platform to achieve a more efficient treatment solution for indoor Barramundi.”
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 with Hydrenesis that they have signed a 5-year agreement with Hanilu Farms of Indiana to operate their Hydrogas water treatment system.
Traders will note 63% added to share values of the stock over the past month of action. Furthermore, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed 100% beyond its prior sustained average level.
Gerald Easterling, President of NaturalShrimp, commented: “We continue to expand our aquaculture capabilities after our initial focus of bringing shrimp to market, and with this additional agreement, we are poised to expand our capabilities to indoor farm raised barramundi as well.”
Leland Meador, CEO of Hanilu Farms, stated: “The Hydrogas technology has proven effective in both my nursery and grow out tanks in terms of survivability and feed conversion rates.”
Now commanding a market cap of $67M, SHMP has a stash ($818K) of cash on the books, which stands against about $4.8M 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.