The unveiling of a new method for growing and harvesting shrimp is the reason why NaturalShrimp Inc (OTCMKTS:SHMP) has spiked to two-year highs. With the spike, the stock has turned bullish; a ferocious sell-off wave that had threatened the company’s long-term prospects having lost its edge.
Catalysts And Share Price Analysis
The stock looks set to continue climbing as the spike has come on the backdrop of improving sentiments, higher trading volume, and improving fundamentals. The confirmation that the company is on the brink of bringing to market its commercially viable system for growing aquatic species also explains the renewed investor interest in the stock.Early this year, the company secured a patent for its new system for growing Gourmet Grade Shrimp. The developments have continued to strengthen the stock’s sentiments in the market, having become clear the company is on the cusp of transitioning into a revenue-generating entity.NaturalShrimp has since resorted to trading in an uptrend in the market. A 400% spike in share price affirms the strength of the upward momentum that is showing no signs of exhaustion. With the stock flirting with the $0.20 mark, initial indication is that it will make a run for the $1.00 mark. SHMP Daily Chart
About NaturalShrimp
NaturalShrimp casts itself as an aquatic company focused on the development of commercially viable systems for growing aquatic species indoors. The company boasts of a patented technology for growing shrimp indoors, without the help of antibiotics of toxic chemicals.
Why is NaturalShrimp Exploding?
NaturalShrimp is exploding in the market on investors reacting to recent developments on the development of patented technology for growing aquatic species indoors. The new system will make it easy for people to grow and harvest shrimp indoors.Vibrio suppression is the technology that powers the new system and ensures harmful organisms do not come into contact, with shrimps. The fact that Shrimp is the single most consumed seafood in the world means there are many opportunities that the company can pursue.
“What we are bringing to not only the U.S. but internationally, is a safe way to grow shrimp that solves these major environmental problems. Ours is a disruptive revolution in the growing and harvesting of this vital seafood,” said Bill G. Williams, Chairman, and CEO of NaturalShrimp.
In addition, the new-patented technology is not just for growing shrimp indoors. Instead, it can be used to grow a wide array of aquatic species, which further expand its applications. NaturalShrimp has already secured a new patent for the use of the new system to cover the likes of arthropods as well as lobster and mollusks.
Commercialization
Bringing to market the new system to market is NaturalShrimp primary goal as it looks to generate significant value from its patented technology. The company is in the process of replicating the technology in production centers across New York, Chicago, and Las Vegas as part of its marketing drive.
"The capability to sustainably harvest indoor farm-raised shrimp and other aquatic species for consumption to any city regardless of location to water will increase fresh food supplies with locally grown products,” said Mr. Letizia.
Bottom Line
NaturalShrimp is already up by more than 400% since it announced its patented Vibrio Suppression technology can be used to grow aquatic species indoor. The phenomenal run has not come on speculation, but on growing confidence that the company has on its hands vital assets that could be a key driver of value going forward.The stock has emerged as a fundamentally attractive investment if a spike in trading volume is anything to go by. NaturalShrimp looks set to continue its solid performance in the market.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.
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