{"id":6795,"date":"2015-09-09T09:15:43","date_gmt":"2015-09-09T09:15:43","guid":{"rendered":"\/?p=6795"},"modified":"2015-09-09T09:39:40","modified_gmt":"2015-09-09T09:39:40","slug":"surna-inc-otcmktssrna-down-a-quarter-in-three-sessions","status":"publish","type":"post","link":"\/articles\/surna-inc-otcmktssrna-down-a-quarter-in-three-sessions\/","title":{"rendered":"Surna Inc (OTCMKTS:SRNA) Down a Quarter in Three Sessions"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91268\/srna_chart.png\" border=\"0\" width=\"450\" \/>After another red streak, the share price of Surna Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>) stopped at $0.112 ahead of the long weekend. On Friday the stock closed another 8.8% down, to lose a total of 25% within the span of 3 market sessions.<\/p>\n<p>A bit of positive PR and a quarterly report put up on Aug 14 helped Surna drag itself out of the price levels it got stuck at earlier, lingering well below a dime per share. Here is the brief summary of the quarterly&#8217;s balance sheet that got investors so excited:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>$145 thousand in cash<\/li>\n<li>$3.3 million in current liabilities<\/li>\n<li>$1.6 million in quarterly revenues<\/li>\n<li>$976 thousand in quarterly net loss<\/li>\n<\/ul>\n<p>Revenues have grown impressively from the $870 thousand in Q1, while cash has been cut down in half. Thankfully, the growth in revenues led to a tighter bottom line. Even though <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> logged net loss in Q2, this figure improved from $1.4 million to just $0.9 million on a QoQ basis.<\/p>\n<p>Outstanding shares have not bloated by much over the last quarter, going from 122 million in mid-May to 130 million in mid-August. The combination of those factors gave <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a> a much-needed boost after an abysmal months-long streak that shaves roughly 66% off the company&#8217;s share price.<\/p>\n<p>The green push was probably a bit too quick for the company&#8217;s own good, as there seem to have been enough investors disilusioned with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SRNA\">SRNA<\/a>&#8216;s past performance to sell hard into the price spike, slicing 50% from the stock&#8217;s newfound highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After another red streak, the share price of Surna Inc (OTCMKTS:SRNA) stopped at $0.112 ahead of the long weekend. On Friday the stock closed another 8.8% down, to lose a total of 25% within&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1504],"class_list":["post-6795","post","type-post","status-publish","format-standard","hentry","category-news","tag-srna"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6795"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6795\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}