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.