Gold River Productions Inc (OTCMKTS:GRPS) Stock Surges As Company Announces Post Larvae Shrimp Contract

On Thursday, Gold River Productions Inc (OTCMKTS:GRPS) was in considerable focus among investors following a significant announcement and the stock ended up with gains of as much as 17% for the day.

Trading Data

On Thursday, GRPS stock surged 17.11% to $0.0089 with more than 8.97 million shares, compared to its average volume of 2.7 million shares. The stock moved within a range of $0.0079 – 0.0092 after opening trading at $0.0084.   

Gold River Productions, Inc (D/B/A Trans American Aquaculture) Announces Post Larvae Shrimp Contract with Kentucky State University in Collaboration with Texas A&M University

The company announced yesterday that it had purchased a purchase order contract in collaboration with Texas A&M University with the Kentucky State University. The purchase order in question is initially for PLs or post-larvae shrimp, which are going to be sent to the universities in relation to a research program. The research program in question is involved with food nutrition and food practices that are sustainable.

It was a significant new development for Gold River Productions considering the fact that both universities are known worldwide for being leading researchers in the field of aquaculture species.

However, it should be noted that the study into post-larvae shrimp is going to be part of a much larger study, which is going to include some of the major universities in the United States, 34 states in the country, and some industry partners at a global level. Some of the industry partners include such names as Tyson Foods and Mars Inc among others.

Key Quote

Adam Thomas, Chairman and Chief Executive Officer of Trans American Aquaculture commented, “We are ecstatic that we received the call from KSU, and they have chosen our PL’s as part of this ground-breaking research program. I am also thrilled that we can deliver this news to our investors only days after going public.”

Technical Data

GRPS stock is trading above the 20-Day and 50-Day Moving averages of $0.0057 and $0.0037 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0046.