Urban-Gro shares surge 59.81% after-hours amid Nasdaq delisting concerns and speculative trading.

Urban-Gro (UGRO) surged 59.81% in after-hours trading, driven by a combination of regulatory developments and speculative activity. The stock had earlier rallied 49.76% intraday amid Nasdaq delisting concerns and the announcement of a $24 million cannabis facility contract, which signaled potential near-term revenue opportunities. The after-hours surge likely reflects heightened trading activity as investors reacted to the delisting threat, which prompted urgent positioning ahead of potential liquidity shifts. Additionally, the broader sector’s uncertainty over the expired TAAF funding program fueled speculative bets on a possible regulatory resolution. A 1,176.6% spike in trading volume to 119.5 million shares underscored the stock’s volatility, with traders capitalizing on short-term momentum despite fragile fundamentals. The technical indicators, including an overbought RSI and bearish MACD, suggest the rally may be driven by speculative flows rather than sustained demand, aligning with the stock’s precarious position in a high-risk sector.