Momentum & Growth

NaturalShrimp Inc (OTCMKTS: SHMP) Expect Strong Rebound After 80% Correction

NaturalShrimp Inc (OTCMKTS: SHMP) has come down crashing after a massive surge in the first quarter. After an 80% pullback, the stock appears to have hit a crucial support level from where a correction higher could come into play.

NaturalShrimp Price Analysis

The $0.09 mark is the immediate support level from where a rebound could come into play. Supporting a bounce back is the fact that the Company boasts in its ranks a commercially viable system for growing shrimp that continues to affirm long-term prospects.

The fact that the new system enables the growing of natural shrimp without the use of antibiotics or other toxic chemicals is a positive that continues to strengthen the stock’s sentiments in the market. Given the underperformance of the past few months, NaturalShrimp needs to spike and take out the $0.18 resistance level, to have any chance of bottoming out from current lows.

SHMP Daily Chart

Below the $0.18 resistance level, the stock remains bearish given the underlying descending trend line. A rally followed by a close above the $0.20 mark could mark the end of the bearish trend, setting the stage for the stock to power high back to this year highs.

What Does NaturalShrimp Do?

NaturalShrimp casts itself as an Aquaculture Company. The Company has developed a commercially viable system for growing natural shrimp in enclose saltwater system. The Company uses patented technology to produce fresh, natural grown shrimp without the use of antibiotics or toxic chemicals.

Recent Developments

While NaturalShrimp has taken a significant hit in the market, one cannot dispute the fact that its future looks bright, given the revolutionary technology it is working on for growing shrimp. A study by the U.S Food and Drug Administration indicates that a good chunk of the imported farm-raised shrimp contains residues of unapproved drugs and unsafe food additives that pose significant dangers to people’s health.

NaturalShrimp is looking to change all this as it is currently in the final stages of developing a proprietary system for growing shrimp devoid of any bacteria or toxins. The proposed system calls for the production of shrimp economically in an indoor all-natural environment. The patented technology ensures no harmful organism find their way into the final product.

“We have developed a safe way to grow shrimp that solves the concern with antibiotics-and other drug-resistant bacteria. We believe our system will create a disruptive revolution in the growing and harvesting of the world’s most popular seafood,” said Bill G. Williams, Chairman, and CEO of NaturalShrimp.

NaturalShrimp has completed final testing on new equipment and has already commenced production. According to the Chief Executive Officer, they are on course to generate between 5,000 and 6,000 pounds of shrimp per week. Full production is expected before the end of the year, and the company is working on new projects expected to generate significant value in the near future

Shrimp raising is a multibillion-dollar industry that NaturalShrimp is targeting with its game changing patented technology. The fact that current systems give rise to shrimp with high levels of bacteria, ammonia, and nitrate leaves the company well positioned to generate significant value once it hits the market with the new system.

“NaturalShrimp’s (SHMP) patent of using electrocoagulation to clean the saltwater in their electronically monitored/controlled shrimp raising tanks, showed all pathogens and contaminants eliminated.  NaturalShrimp is raising shrimp with its industry-changing patented process, which will literally bring in increasing millions of dollars yearly,” Mr. Schaefer writes.

Bottom Line

NaturalShrimp is in the final leg after spending 18 years in developing a system that will change the way people raise shrimp.  The fact that shrimp is the most-traded seafood in the world and the most served in the U.S presents a unique opportunity for the company with the new system, as people continue to embrace healthy eating habits.

While the stock has taken a significant hit, the future can only be bright once the Company embarks on the commercialization drive of the patented shrimp raising system. That said the stock should emerge as a strong rebound play.

We will be updating our subscribers as soon as we know more. For the latest updates on SHMP, sign up below!

Disclosure: We have no position in SHMP and have not been compensated for this article.

Sign up for our next MicroCap Runner ahead of the crowd!
We hate spam. No Hidden Fees. Unsubscribe Anytime.
NaturalShrimp Inc (OTCMKTS: SHMP) Expect Strong Rebound After 80% Correction
Click to comment
To Top