Coates (COTE.PK) International Stocks Race up the Road
Stocks for Coates International Ltd. (PINK SHEETS: COTE) sharply rose in value today, rising from an opening price of 29 cents a share to 43 cents a share by noon, the largest jump in the stock’s price for the past month. This rise comes hot on the heels of a number of press releases posted earlier this week. On Monday, May 1, the company announced it closed a financing transaction with Dutchess Private Equities Fund, Ltd. worth up to $10 million. Then, on Tuesday, May 2, the company released information that it had completed a high-performance racing engine dubbed the…