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Kaival Brands Shares Surge 40%

Shares of micro-cap company Kaival Brands Innovations Group, Inc. (KAVL) are surging over 40% on Tuesday morning despite no stock-related news to drive the shares.

KAVL is currently trading at $2.285, up $0.675 or 41.9255%, on the Nasdaq, on a volume of 65.3 million shares, above average volume of 0.5 million.

Kaival Brands Innovations distributes electronic nicotine delivery systems and related components in the Unites States.

The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors.

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