NaturalShrimp Inc (SHMP) Stock Extends Correction: Falls 29% in a Month

The biotechnology aquaculture firm NaturalShrimp Inc (OTCMKTS:SHMP) has endured a pretty rough time in the markets in recent days and the situation remained the same on Tuesday.

Yesterday, the stock declined by 8% as the selloff continued and took the losses for the past week to as much as 29%. While the decline recorded by the stock may be alarming for many investors it is also necessary to remember that there has been no news about the company in recent weeks. The last time any news emerged about the company was on July 21 when NaturalShrimp announced that it appointed Marco Van Den Berg as the head of its sales and marketing efforts.

Van Den Berg is going to be responsible for the company’s business in the North American region. In this context, it is perhaps also necessary to note that in the early days he is going to work in the capacity of a consultant and after that he is going to become the Vice President of Sales at NaturalShrimp. Van Den Berg is a highly experienced sales executive and has experience spanning more than two decades in the fields of marketing, sales and management.