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Coates International (NASDAQ:COTE) CFO Barry C. Kaye purchased 325,000 shares of the stock on the open market in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $0.03 per share, for a total transaction of $9,750.00. Following the completion of the purchase, the chief financial officer now directly owns 1,300,358 shares of the company’s stock, valued at approximately $39,011. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Coates International (NASDAQ:COTE) traded down 3.24% on Tuesday, hitting $0.0329. The stock had a trading volume of 104,000 shares. Coates International has a 1-year low of $0.01 and a 1-year high of $0.12. The stock’s 50-day moving average is $0.03 and its 200-day moving average is $0.04. The company’s market cap is $12.7 million.

Coates International, Ltd. (NASDAQ:COTE) is a precision engineering company specializing in the development of technologies that evolve the standard combustion engine.

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