puraDYN Filter Technologies Inc. (OTCMKTS:PFTI) CEO Joseph V. Vittoria purchased 20,333,333 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were bought at an average cost of $0.30 per share, with a total value of $6,099,999.90. Following the purchase, the chief executive officer now directly owns 25,597,753 shares of the company’s stock, valued at approximately $7,679,325.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of puraDYN Filter Technologies Inc. (OTCMKTS:PFTI) opened at 0.08 on Wednesday. puraDYN Filter Technologies Inc. has a 1-year low of $0.01 and a 1-year high of $0.15. 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 $3.89 million.

About puraDYN Filter Technologies

Puradyn Filter Technologies Incorporated designs, manufactures, markets and distributes the Puradyn bypass oil filtration system (the Puradyn system) for use with various internal combustion engines and hydraulic equipment that use lubricating oil. Working in conjunction with the equipment’s full-flow oil filter, the Puradyn system cleans oil by providing a second circuit of oil filtration and treatment to continually remove solid, liquid and gaseous contaminants from the oil through a filtration and evaporation or absorption process.

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