Shares of NovaDel Pharma Inc. (PINK: NVDL), a specialty pharmaceutical company engaged in the development of oral spray formulations for marketed pharmaceuticals, saw a huge rally in trading today.
NVDL shares ended 27.59% higher at $0.0370 on above average volume of 3.04 million. The stock touched an intra-day high of $0.05. It has gained 48% in the last three trading sessions. In the last one month, NVDL shares have fallen nearly 80%.
NVDLâ€™s recent gains could be due to some stock promotion activity as the company has not made any major announcements in the last few days.