Surna Inc (OTCMKTS:SRNA) Stock Continues to Trend Lower After The Recent News
Surna Inc (OTCMKTS:SRNA) stock was in focus as the stock ended lower on Wednesday after the recent consolidation.
Market Action
In the previous trading session, SRNA fell 7% to $0.0555. A total of 283k shares traded for the session hands, well above its average volume of 433k shares. The stock opened at $0.0595 and moved in a range of $0.0520 – 0.0595.
Key Trigger
Surna Cultivation Technologies Announces Benching and Racking Line-up
Surna Inc announced another expansion to its products and service offering to include benching and racking equipment. Surna is a seasoned leader in the controlled environment agriculture (CEA) market and is intent on bringing the most efficient and sustainable designs and systems to the industry. Surna’s benching and racking can be adapted to the grower’s specific requirements.
Surna now offers a full portfolio of benching and racking options that include single-tier, ebb and flow growing benches, stationary benches, rolling and tracking benches, multi-tier vertical farming racks (also known as archive shelves), and cloning and drying racks.
Key Quote:
“Whether you’re a craft grower with a limited amount of space, or a large commercial grower with thousands of square feet and expansion plans, some sort of benching or racking is required for a successful grow. This is true whether you’re cultivating cannabis or food,” said Jamie English, Surna’s Vice President of Marketing Communications. “As Surna has rapidly but thoughtfully expanded its product and services offering, benching and racking systems are a natural fit to add to our line-up of design and equipment offerings.”
Trader Notes:
SRNA stock has done exceptionally well with a jump of 155% over the past year, but down 15% in the past month. On the technical basis, the stock is trading near its 50-day and 20-Day SMA stand at $0.0642 and $0.0601 respectively. Moreover, RSI at 41 signals that the stock is trading near the neutral zone.
