ELTP Sets 52 Week High On Huge Volume

ELTP - Elite Pharma, Inc. is trading higher today on heavy volume with over 51 million shares traded. ELTP opened today's session at .12 and reached a intraday high of .22 before pulling back. As of this post, 15 minutes before the close, ELTP is trading at .20 with heavy volume coming in as traders take a positions to capitalize on a possible gap play tomorrow. Average daily volume for ELTP is 4,077,940.

Elite Pharma, Inc announced on April 7th the first order of phentermine HC1 37.5 mg tablets,  the generic version of Adipex-P(R) 37.5 mg tablets was made under a license, supply and manufacturing agreement with Precesion Dose. The tablets are an appetite suppressant used for obese patients in conjunction with exercise, diet and modifications along behavioral lines. ELTP trades on the OTCBB penny stocks exchange.

Penny stock traders may want to keep this stock on their radar as it appears to be one of the hot penny stocks in play! Join our penny stock email alerts and stay informed about stocks on the move!