Surna Inc (OTCMKTS:SRNA) Stock Continues to Trend Higher After The Recent News

Surna Inc (OTCMKTS:SRNA) stock continues to trend higher extending its weekly gain. The stock has gained 7% over the past week.

Market Action

In the previous trading session, SRNA stock gained 2.05% at $0.0598. A total of 123K shares traded for the session hands, below its average volume of 416K shares. The stock opened at $0.0562 and moved in a range of $0.0560 – 0.0605.

Key Trigger

Surna Cultivation Technologies Partners with Global Reforestation Non-Profit One Tree Planted

Surna Inc announced a partnership with One Tree Planted, a non-profit that aims to plant 27 million trees worldwide for landscape restoration in 2021. For every commercial project contract signed, Surna Cultivation Technologies will donate the funds to plant 20 trees.

Planting trees is one of the best ways to combat the damaging effects of climate change. Trees help filter and clean the air we breathe and the water we drink. Trees provide habitats to over 80 percent of the world’s terrestrial biodiversity. Trees also provide tremendous social impacts by providing jobs to over 1.6 billion people, empowering women in underdeveloped nations, and supporting communities devastated by environmental damage.

Key Quote:

“Working with One Tree Planted is a great fit for Surna,” said Jamie English, Surna’s Vice President of Marketing Communications. “Sustainability is at the core of our business model, and while we make a tremendous impact in the way we consider energy requirements, usage and sustainability in our engineering designs, we are thrilled to have another way to give back and help the environment.”

Trader Notes:

SRNA stock is trading below all the key moving averages with 200-day and 50-Day SMA stand at $0.0757 and $0.0641 respectively. The stock has jumped 16% so far this year.