Milestone Scientific Inc. (NYSEAMERICAN:MLSS)’s share price rose 19.4% during mid-day trading on Monday . The company traded as high as $0.43 and last traded at $0.43. Approximately 967,473 shares changed hands during trading, an increase of 391% from the average daily volume of 196,846 shares. The stock had previously closed at $0.36.
In other news, CEO Leonard Osser acquired 285,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was purchased at an average cost of $0.35 per share, with a total value of $99,750.00. Following the purchase, the chief executive officer now directly owns 3,624,056 shares of the company’s stock, valued at approximately $1,268,419.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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Milestone Scientific, Inc develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates through dental and medical segments. Its products include CompuDent System used to control the flow rate of the anesthesia during the injection that allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns; and CompuFlo, a computer-controlled drug delivery system for the painless delivery of drugs, anesthetics, and other medicaments, as well as for the aspiration of bodily fluids or previously injected substances.
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