STOCKS TELEGRAPH

Tag: SHMP Stock

  • Do You Know Why NaturalShrimp (SHMP) Stock Dropped 6%?

    Do You Know Why NaturalShrimp (SHMP) Stock Dropped 6%?

    Last session, NaturalShrimp Inc (OTCQB: SHMP) saw its share price drop -6.59% to $0.4252, bringing its market cap to $256.40M. NaturalShrimp stock traded 4.02M shares recently, exceeding its average daily volume of 3.78M shares. Further, the SHMP stock has traded between $0.4236 and $0.4650. In the pink sheets SHMP, there are 603.02M shares outstanding vs 451.47M float. SHMP stock fell following the closing of a share offering.

    The SHMP offering was what?

    With facilities located near San Antonio, Texas and Webster City, Iowa, NaturalShrimp is a publicly traded aquaculture company based in Dallas. In addition to providing fresh, never frozen shrimp, SHMP develops patented technology to produce safe, nontoxic shrimp in enclosed saltwater systems without using antibiotics or toxic chemicals. Gourmet-grade Pacific white shrimp can be produced anywhere in the world by SHMP systems.

    NaturalShrimp yesterday announced closure of a transaction to make available 7,500,000 shares of the Company’s common stock for proceeds of $3,000,000 through a registered direct offering.

    • The offering of SHMP was pursuant to a shelf registration statement on Form S-3.
    • In this transaction, SHMP sold its shares at a price of $0.40 per share.
    • SHMP has now raised $18M with an average price of $0.525 per share under the S-3.
    • SHMP intends to use the proceeds in connection with previously announced letter of intents and to expand its NaturalShrimp Iowa business.
    • Among the offered securities were warrants for the purchase of 1,100,000 shares of common stock for a price of $0.05.
    • SHMP’s securities are being offered pursuant to an effective shelf registration statement it filed with the Securities and Exchange Commission (“SEC”) on March 22, 2021.
    • SEC will soon issue the final prospectus supplements describing and relating to the SHMP’s registered direct offering and they will be available online.

    This week, NaturalShrimp (SHMP) also announced its attendance at TRA Marketplace, a trade show held by the Texas Restaurant Association each year.

    TRA’s show will take place in San Antonio, TX, July 10-12, 2021. A NaturalShrimp Chef’s Table will be held at the conference on Sunday, July 11, and Monday, July 12, 2021, where management of SHMP will also be on hand to answer any questions.

    SHMP eyeing NASDAQ listing:

    NaturalShrimp (SHMP) has recently appointed Lake Street Capital Markets, LLC as its Capital Markets advisor, which will provide assistance to NaturalShrimp (SHMP) with capital markets, mergers and acquisitions, licensing, and strategic investment advice. As part of its engagement with this opportunity, SHMP anticipates completing its uplisting to the Nasdaq Stock Market early in the third quarter of 2021.

  • What Is NaturalShrimp (SHMP) Stock Poised To Gain Owing To Recent Moves?

    What Is NaturalShrimp (SHMP) Stock Poised To Gain Owing To Recent Moves?

    At the ring of the bell on Wednesday, the stock of NaturalShrimp (OTC: SHMP) was up 11.76 to close at $0.5700. In contrast to its weekly average volume of 6.31M shares, NaturalShrimp Stock volume on the day was 9.96M shares.

    What does the company do?

    NaturalShrimp is a Dallas-based aquaculture company and has production plants in San Antonio, Texas, and Webster City, Iowa. The Company has developed and patented the first commercially viable culture system for shrimp that produces naturally grown, fresh shrimp, without using antibiotics or toxic chemicals.

    This Month:

    A primary shelf registration statement has been filed by NaturalShrimp to sell up to $100 million of its securities. SHMP submitted the filing at Securities and Exchange Commission (SEC) on Form S-3 on Monday.

    • Whether an offering becomes effective depends on SEC approval of form S-3, market, and other conditions.
    • It is impossible to predict the outcome of any future offerings, or even their size or terms.
    • As a result, securities may only be offered through a prospectus as a part of the effective registration statement if the SEC declares Form S-3 to be effective.
    • NaturalShrimp will sell all securities in the offerings if one or more offerings are completed.

    Also,

    In last week’s press release, NaturalShrimp unveiled that it is ramping up production at both its La Coste, Texas, and Iowa-based shrimp production facilities.

    • After passing a successful inspection by the Texas Parks and Wildlife Department at its newly constructed Texas production facility, SHMP continued the process of regular stocking of postlarvae (PL) shrimp with the next PLs arriving on March 3 for acclimation and stocking in four nursery tanks.
    • When ready, the shrimp from the nursery tanks will gravity flow into adjacent grow-out tanks where they will stay until gravity flowing into the facility’s harvest tank.
    • The regular stocking will enable the all-year-long production for NaturalShrimpon a weekly basis.
    • Construction of the facility’s 40 shrimp grow-out tanks and support systems has also been completed well in advance of the transfer of shrimp to the grow-out tanks from the previously installed nursery tanks.
    • NaturalShrimp Iowa is sited in three different locations: Webster City, Blairsburg, and Buckeye.
    • After the Company replaces its existing filtration systems with NaturalShrimp patented filtration equipment, these facilities will contain the tanks and support systems for raising shrimp.
    • SHMP began this conversion process aggressively and expects to acquire our first PLs in Iowa nursery tanks on March 24.

    What these developments mean for the company?

    NaturalShrimp(SHMP) is poised to further excel in the market segment with additional resources of up to $100 million and expanding business activities at a rapid pace.