Agrieuro Corp (OTCBB:EURI) shares were up over 100% in one day, recently on heavy trading volume. Traders exchanged over 19M shares, which eclipsed its 30-day average daily trading volume of 1.49M shares, according to OTC Markets. For those of you who have not heard of Agrieuro Corp, it’s a company in the aquaculture and agriculture spaces. The company is currently in the process of developing a luxury hotel on its property, since it’s also looking to enter into the hospitality industry. That said, Agrieuro is diversified in three industries, and is not just a one-trick pony.
According to Grand View Research, the aquaculture industry could reach over $200B annually, by 2020. Moreover, fish consumption has been growing at a faster pace than meat products, such as beef, pork and poultry. This is primarily due to the increasing demand for seafood due to its perceived health benefits. Consequently, the increasing demand could increase the share price of Agrieuro Corp, as well as its earnings and revenues.
Agrieuro Corp recently announced it finished preparing two growing ponds for its fish farm project. The two ponds are equipped with pumping stations and is expected to receive medium-sized fish that only require a short period to attain maturity. The company expects its product to reach fish markets within 12 months following population. Moreover, Agrieuro is looking to follow all regulations to raise fish that could be labeled organic. That said, the Danube Carp will be the main species farmed on Agrieuro’s property.
With Agrieuro’s recent move to expand into the aquaculture space, the company’s shares could continue to rise. According to Transparency Market Research, the aquaculture market for carp, salmon, trout, other fish, crustaceans and mollusks was valued at over $135B in 2012. Now, the research firm projects the market to reach over $195B by 2019.
According to EURI’s CEO Radu Cosmin Monda, “We are looking to implement only natural methods of growing fish product making the process as nature-friendly as possible and at the same time increasing our chances of becoming the first ecological fish farm in Romania…As the fish farm will require substantial funding, we are working on increasing our reed harvests through the acquisition of specialized equipment and we plan to reinvest the additional profits generated back into our aquaculture venture.”
Monda continued, “We are committed towards developing multiple streams of revenue in different sectors for AgriEuro with a view towards sustained, long term growth…Maximizing the value of our current 4200 acre property is our key focus and we will continue to update shareholders as developments occur.”
EURI looks to be creeping up on its 52-week high, after it more than doubled its share price and market value in just one day. With the recent developments in the company and its completion of its fish farm infrastructure, the company could break into the over $100B aquaculture market, and it could take a piece of the piece. Agrieuro CEO is very confident in the company and its fish farm, and the Monda is looking to continue to reinvest its profits into the company’s agriculture venue. That said, you might want to keep an eye peeled for EURI since it could continue its rise. Rather than sitting on the computer all day to wait for the news, you could sign up to our free newletter by simply entering your email below, to get updates on EURI.