Shares of Adamis Pharmaceuticals Corp. (NASDAQ:ADMP) saw unusually-high trading volume on Friday . Approximately 6,529,447 shares changed hands during trading, an increase of 689% from the previous session’s volume of 827,717 shares.The stock last traded at $3.14 and had previously closed at $2.77.

Separately, Maxim Group lowered their target price on Adamis Pharmaceuticals Corp. from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, July 21st.

The company has a 50-day moving average of $2.86 and a 200 day moving average of $5.25. The firm’s market capitalization is $72.47 million.

Adamis Pharmaceuticals Corporation is a pharmaceutical company. The Company is engaged in the development of its specialty pharmaceutical products. The Company is developing various products in the allergy and respiratory markets, including a dry powder inhaler technology that it acquired from 3M Company (3M).

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