Why Zomedica Stock Surged Today

Shares of Zomedica (NYSEMKT: ZOM) hit a new 52-week high on Friday. As of 12:25 p.m. EST, the veterinary health company's stock price was up more than 24%.

Zomedica appears to have caught the attention of traders on the WallStreetBets group on Reddit. As Robinhood and other brokerages limited trading in GameStop and other volatile stocks following their wild price swings, Reddit's army of traders has searched for new profit opportunities.

Zomedica's stock price jumped on Friday. Image source: Getty Images.

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Source Fool.com