Solar Integrated Roofing Corp (OTCPK: SIRC) stock gained 27% on February 2nd and saw a total gain of 100% in the last one week.
The company announced a $25 million drawdown term note from an institutional investor with a 6% interest rate and a 5% discount.
The CEO believes the term note and cost control efforts will help optimize operating cash flows and profitability, leading to sustainable, long-term value for shareholders.
Solar Integrated Roofing Corporation specializes in solar roofing systems and has seen a significant increase in sales and net income in recent quarters