NaturalShrimp Inc (OTCMKTS:SHMP) stock ended with a mild gain on Thursday after the news.
SHMP stock ended Thursday at $0.52, up by 1%. More than 1.18 million shares traded hands, below its 30-day average of 2.63 million shares. The stock opened at $0.5016 and moved within a range of $0.5010 – 0.5200.
SHMP Released News
NaturalShrimp, Inc. Closes on Asset Purchase of F&T Water Solutions LLC
- announced today that it has formally closed the acquisition of the assets of F&T Water Solutions, LLC.
- These assets comprise the 49% of Natural Aquatic Systems owned by F&T and the patents (Patent numbers 9,908,794 and 10,163,199) on the Electro-Coagulation system as well as the associated equipment and processes owned 50% and 100% respectively by F&T.
Gerald Easterling, CEO of NaturalShrimp, commented, “This acquisition represents the final phase of our joint development of the electro-coagulation (EC) technology begun by F&T Water Solutions and its former president Peter Letizia. We now own and control this EC technology as it relates to all aquaculture species and applications. We plan to utilize this technology in all of our shrimp growing operations and to license to other aquaculture ventures worldwide.”
|SHARES OUTSTANDING||591.69 M|
|SHARE FLOAT (%)||585.22 M (98.91%)|
|% HELD BY INSTITUTIONS||0.03|
Recent Stock Performance
|+/- EMA(20)||0.54 (-3.70%)|
|+/- SMA(50)||0.58 (-10.34%)|
|+/- SMA(200)||0.35 (+48.57%)|
|CCI20||-77.8042||Sell||Chaikin Money Flow||-0.0495||Neutral|
|MACD||-0.0240||Sell||Money Flow Index||38.4837||Buy|
|STOCH (14,3)||44.4444||Buy||STOCH RSI||1.0000||OverBought|