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Solar Integrated Roofing Corp (OTC: SIRC) is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. SIRC also engages in the sales and installation of solar energy systems, battery backup, and electric vehicle (EV) charging stations to roofing, HVAC, and related electrical contracting work.
Market Action
On Tuesday, SIRC stock went up 1.18% to $0.1799 with 1.32 million shares, compared to its average volume of 2.96 million shares. The stock moved within a range of $0.1751 – 0.1810 after opening trade at $0.1775.
In the past two days, the Solar Integrated Roofing stock has managed to clock gains of as much as 5.8%. While it may be true that the stock seems to be in a phase of consolidation, it could also be an indication of a possible breakout eventually. Not too long ago on October 26, it had been announced that the company’s Chief Executive Officer David Massey was going to feature in an interview with SmallCapVoice.Com.
It was mentioned at the time that in the above-mentioned interview, Massey was going to deal with recent developments at the company in addition to the financial position and other related matters which may be of interest to shareholders. Investors need to note that Solar Integrated Roofing is regarded as an alternative energy company that is involved in both residential as well as commercial projects across the United States.
As of now, the company has put in place a strategy by way of which it seeks to generate growth through acquisitions. That has helped the company in boosting the sort of services it offers. At this point in time, it also offers installation and sales of solar energy systems in the United States. It remains to be seen if the stock breaks out any time soon.
Traders Note
SIRC stock is trading below the 20-Day and 50-Day Moving averages of $0.18 and $0.21 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.28.
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