Core Viewpoint - Enveric Biosciences (NASDAQ:ENVB) stock is experiencing significant trading activity without any accompanying news or analyst updates, indicating potential volatility and speculative interest in the stock [1][2][6]. Trading Activity - ENVB stock is seeing heavy pre-market trading with over 13 million shares exchanged, compared to its average daily trading volume of approximately 583,000 shares [4]. - The stock is currently up 17.8% as of Tuesday morning, although it has declined 60.5% year-to-date prior to this increase [7]. Company Profile - Enveric Biosciences is classified as a penny stock, with a recent closing price of 50 cents and a market capitalization of approximately $3.961 million [5]. - The company's float is relatively small at 7.68 million shares, which can contribute to increased volatility and susceptibility to market manipulation [4][6].
Why Is Enveric Biosciences (ENVB) Stock Up 18% Today?