DARA Spikes on Heavy Volume

Shares of DARA BioSciences, Inc (DARA) are trading up 34.22% at $3.02 per share during the Monday afternoon trading session. The stock broke out to the upside earlier, rallying as high as 40%. There is no news in the name.

Volume has exploded with more than 850,000 DARA shares already trading hands compared to a daily average volume of just 34,000. The day’s trading range for the ticker has been between $2.29 and $3.55 per share.

At last check, DARA was up 76 cents, or 33.78%, to $3.01.

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