Why is Inspire Veterinary (IVP) stock up 103% today?

Inspire Veterinarian (NASDAQ:IVP) Shares of the veterinary hospital operator are soaring on Monday, alongside heavy pre-market trading in the veterinary hospital operator’s shares this morning.

At the time of writing, over 9.7 million shares of IVP have changed hands. This is a massive increase from its average daily trading volume of around 958,000 shares. Investors will also note that the company’s float is 746.05 units.

Heavy trading in Inspire Veterinary stock is occurring without any clear news from the company. This includes no press releases or Securities and Exchange Commission (SEC) filings. There is also no analyst coverage that could cause the stock to move higher today.

It’s worth keeping in mind that IVP is a penny stock. This comes from its previous closing price of $1.49 per share and its market cap of $1.485 million.

What this means for IVP stock

The fact that Inspire Veterinary is a penny stock exposes it to volatility. This includes speculative traders betting on the stock and those who would try to manipulate the stock price.

This means that IVP stock could crash after today’s rally. Keep this in mind before making any type of investment in the company today.

IVP stock is up 103.4% Monday morning!

Investors looking for the latest stock market news are in luck!

We have all the most important stock market news that traders need to know on Monday! This includes the biggest stock market moves before the markets open this morning and other recent events. All of this information is available via the links below!

More Monday Stock Market News

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Learn more:Penny Stocks — How to make a profit without getting scammed

As of the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the advice of InvestorPlace.com Publication Guidelines.