Shares of Imaging Diagnostic Systems Inc. (OTC: IMDS), a development-stage medical technology company engaged in the development and commercialization of medical devices, are continuing to rally in trading today.
At last check, IMDS shares were trading 35.29% higher at $0.0023 on volume of 73.37 million. The stock has now gained more than 144% in the last three trading sessions.
IMDSâ€™s recent gains could be due to stock promotion activity as the company has not made any major announcement recently.
According to a filing made by Imaging Diagnostic in May, the company had revenue of $163,000 for the three-month period ended March 31, 2012. The company posted an operating loss of $550,000 for the three-month period. Net loss for the period came in at $316,000.