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Micro-Cap on the Move; Imaging Diagnostic Systems Inc. (IMDS)

By Warren Paige

Shares of Imaging Diagnostic Systems Inc. (OTC: IMDS), a development stage medical company engaged in the development and commercialization of medical devices, are continuing to rally in trading today.

At last check, IMDS shares were trading 11.11% higher at $0.0010 on above average volume of 207.32 million. The stock has now gained 100% in the last three trading sessions.

IMDS’s gains could be due to some stock promotion activity as the company has not made any major announcements in the last few days.

According to a filing made by IMDS in May, the company’s total revenue for the three-month period ended March 30, 2012 was $163,000, up from $10,000 reported in the previous quarter. IMDS reported an operating loss of $550,000 for the three-month period. The company’s net loss for the three-month period was $316,000.

 

July 10th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.