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.
IMDSâ€™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 companyâ€™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 companyâ€™s net loss for the three-month period was $316,000.