Surna Cultivation Technologies (OTCMKTS:SRNA) Stock Rockets 25% In a Month: Here is Why

Shares of Surna Cultivation Technologies (OTCMKTS:SRNA) continued to trend higher in the previous trading session, extending its monthly gain to 25%.

Market Action

On Thursday, SRNA stock gained 2% to $0.0570 with more than 937k shares, compared to its average volume of 327k shares. The stock has moved within a range of $0.0492 – 0.0600  after opening the trade at $0.0530

Surna Cultivation Technologies Signs First Preventative Maintenance Contracts

Surna Cultivation Technologies (OTCMKTS:SRNA) on November 11, 2021, has inked preventative maintenance contracts for HVACD systems from facilities in Arizona and Michigan. These facilities, when combined, operate around 75,000 square feet of cultivation space.

Grant Wilkerson, Surna Project Manager, says that customers can now rest assured about their systems operating at their peak performance. They can be confident that their HVACD (environmental control) equipment will be regularly serviced so it is sustainable on a long-term basis.

Regardless of the HVACD system type, manufacturer, or facility location, Surna is able to offer trustworthy local maintenance services. Their maintenance team schedules an initial inspection of each piece of equipment. This assessment is to detect potential issues before they become major problems. Afterwards, they talk to the customer at scheduled intervals ensuring maintenance tasks are completed and work with the customer’s cultivation team to prevent disruption of the critical work being done in the facility.

HVACD maintenance plans by Surna can be customized based on individual requirements of every facility and owner. The goal is to ensure that individual business objectives are fulfilled. Surna aims to optimize the customer’s mission critical environmental controls system, while maximizing their uptime in the present and for the long haul too.

Key Quote

“Surna Cultivation Technologies is excited to sign our first preventative maintenance contracts,” said Grant Wilkerson, Surna Project Manager. “By utilizing these services, our customers can feel confident that their systems will operate at their peak performance and that their HVACD (environmental control) equipment will be regularly serviced to remain sustainable for the long haul.”

Traders Note

SRNA stock is trading above the 20-Day and 50-Day Moving averages of $0.0536 and $0.0569 respectively. However, the stock is trading below the 200-Day moving average of $0.0738. The stock is up 9% over the past week.

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