
Profound Medical's Market Cap Drops To CA$227m Leaving Insiders With Losses

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Profound Medical Corp.'s market cap has fallen to CA$227 million, resulting in significant losses for insiders who invested US$1.01 million at an average price of US$7.87. The stock price has declined by 23%, reducing the value of their investment to US$766.4k. Despite this, insiders, including CEO Arun Menawat, have made recent purchases, indicating confidence in the company's future. Insiders own 8.1% of the company, valued at CA$18 million, suggesting alignment with shareholders. However, the company is facing losses and has warning signs that potential investors should consider.
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