Surna Inc (OTCQB:SRNA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 16.02% to close the day at $0.21 after opening the trading day at $0.1815. Today’s rise came with about 3.14 million shares changing hands, compared to an average of 30-day volume of 2.3 million for Surna Inc. Shares moved as high at $0.22 and as low as $0.18 in today’s action.
The share appreciation gives the company a market capitalization of $26.41 million based upon 145.9 million shares outstanding.
In the past 52 weeks, shares of Surna Inc have traded as low as $0.053 and as high as $0.294. Technical traders will take note that at $0.21, shares of SRNA are trading above their 50-day moving average (MA) at $0.132 and above their 200-day MA at $0.096. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.
Who is Surna Inc?
Surna Inc designs, manufactures, and distributes systems for controlled environment agriculture. Its products offer growers improved process control while simultaneously reducing the energy and resources required to maximize crop yield. The company is led by its CEO Tom Bollich from its headquarters in Boulder, CO.
For more information on Surna Inc and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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