This was a ridiculous plunge to begin with. People freaked out when there was a reverse split so the company could uplist to NASDAQ. The company also converted some preferred shares to commons and they raised some capital at $4.30. Now, down at $2.44 they are on NASDAQ, have a clean share structure, and a ton of cash in the bank. And there are warrant holders who have a $20M incentive to get the price back up to $6.
And it doesn't hurt that Deloitte just named them the 50th fastest growing company in the US.
Now, I think the chart shows a stock that is starting to recover from some nonsense selling by longs who are distraught over the reverse split. There was also a lot of mayhem associated with a group that promoted the daylights out of it and then dumped (the volume on that one day was 18X the float). If SURG can make a convincing move above its 10-day MA, I think it is going substantially higher.
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