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Micro-Cap of the Day; Imaging Diagnostic Systems Inc. (IMDS)

By Warren Paige

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.

IMDS’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.

 

July 12th, 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.