By ST Staff
6:02 AM UTC
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.
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.
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.
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.