Geometry Dash APK Hill Climb Racing APK
30.4 F
New York
Thursday, December 9, 2021

‘Watershed Moment’ NaturalShrimp Inc (OTCMKTS:SHMP) Stock

Must read

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Attempts To Recover After The Recent Move

Among the many sectors that have made a comeback in the stock markets this year, the comeback made by the cannabis sector...

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Looks RAD: Extends Rally

The artificial intelligence space has grown at a highly impressive rate over the past few years and nowadays, investors are increasingly looking...

Aquaculture company NaturalShrimp Inc (OTCMKTS:SHMP) has been in focus among investors in recent days after the company made a major announcement.

The company, which is involved in using its patented Recirculating Aquaculture System (RAS) for shrimp, announced that it completed the acquisition of Alder Aqua on Friday.

Key Developments

Alder Aqua was earlier known as VeroBlue Farms and it represents a key acquisition for NaturalShrimp. It seems that the market thought as much as the NaturalShrimp stock rallied strongly and delivered gains of as much as 12.50% on Friday alone. Investors should note that over the course of the past week, the stock delivered gains of as much as 100%.

The Chief Executive Officer of the company Gerald Easterling spoke about the acquisition. He called it a ‘watershed moment’ for NaturalShrimp and stated that the high-tech facility of Alder Aqua is going to help the company in becoming the biggest producer of RAS shrimp in the United States.

He went on to state that the turnkey operations are going to be the key element in boosting NaturalShrimp’s production capabilities significantly. Easterling projected that it could help the company in producing ‘thousands of pounds’ of shrimp on a weekly basis. It goes without saying that the acquisition is a significant one and the rally in the stock proved as much.

Back in November, there was another important development that potential investors ought to keep in mind. On November 24, NaturalShrimp announced that it completed the process for the establishment of a joint venture with Ecoponex Systems International LLC.

The letter of intent for the same had been signed between the two parties back in October this year. The joint venture is going to combine the technology owned by NaturalShrimp with Ecoponex’s Renewable Energy Efficient Farms (REEF) technology.

Considering the increased focus on renewable energy, it could prove to be an important joint venture for NaturalShrimp in the long run.

Disclaimer: We hold no position in SHMP stock.

Latest article

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service