SHMP stock is in an uptrend and the news broke on September 4, 2019, that the quarantine at their La Coste, Texas, production facility has been lifted.
NaturalShrimp has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp and other fish species.
On September 4, 2019, NaturalShrimp announced that the Texas Parks and Wildlife Department (TPWD) in cooperation with the U.S. Department of Agriculture/Animal Plant Health Inspection Services (USDA/APHIS) has officially lifted the quarantine at the Company’s facility in La Coste, Texas caused by the detection of infectious hematopoietic virus (IHHNV).
NaturalShrimp worked closely with both the TPWD and the USDA/APHIS for the last several weeks in order to quickly remove the IHHNV from the facility. Hatcheries are required to guarantee virus free post larvae (PL) shrimp supplies through their own independent laboratory testing. This is the first time that the Company has detected the presence of IHHNV infected shrimp indicated by a much slower than normal growth throughout its 18 years of receiving PL shrimp from hatcheries.
“Although this virus was not caused by NaturalShrimp or our systems, we are happy to help with the eradication of this virus at our facility,” said Gerald Easterling, CEO. “Our systems continue to operate at the highest levels of efficiency and safety. Because of our technology, the shrimp were able to survive despite the virus breakout. Although this virus does not affect people, we are still happy that no human consumption of the ill shrimp took place,” said Tom Untermeyer, Chief Technology Officer.
In the future, the Company’s isolated nursery tanks will add an extra measure of safety protocol through early detection of the IHHNV prior to the stocking of growout tanks in case this remote possibility happens again. The Company will begin restocking during the month of September with new PLs in its newly installed nursery systems.
If you haven’t heard about SHMP stock before, you can get up to speed with this corporate video:
The daily chart of SHMP stock shows a Supertrend buy signal on July 22, 2019.
We are adding SHMP stock to the long-term buy and hold GST Portfolio. This is a very risky play on a OTCQB traded stock with a lot of reward upside if demand for NaturalShrimp’s products increases. Global shrimp consumption is on the rise. The current market is pegged at almost $40 billion, and in the next ten years, it is expected to reach $68 billion.
Disclosure: We do not hold any position in SHMP stock.