Profound Medical Corp T.PRN

insider buys

[Possibleidiot01]

• Profound Medical Corp. (TSE:PRN - Get Free Report) Senior Officer Rashed Osman Dewan acquired 9,747 shares of the business's stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of C$12.95 per share, for a total transaction of C$126,223.65.

 

• Profound Medical Corp. (TSE:PRN - Get Free Report) Director Arun Menawat Dr. acquired 24,558 shares of the business's stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of C$12.95 per share, with a total value of C$318,026.10.

[rocko65]

Nice to see Arun increase his holdings. for many of us that have been here a while and believe in this story lets see how adoption and utilization rates play out in 2024. Hard to believe this stock is where it was at 3 years ago with many accomplishments and progression made. I have been patient and have been adding to my shares. My thought is that we should start seeing an increase in the

[HomerAndCompany]

It surprises me that the public offering of Dec 27, 2023 was not priced higher given the insider appetite for shares at $12.95 in August. The offering price was disapointing to me. The "healthcare focused institutional investors" are likely to hold their shares for a substantian gain. Should this US$20,000,000 carry Profound through to profitabilty? 

[rocko65]

yes agreed, pretty shocked at the offering price.  Why would they take a 30% hit on shares they just bought in August if things were so good?  I guess we dont know what goes on in the negotiations for these placements but this sucks