Insider Milbury buys 30,392 shares of PMN at $0.49; holdings jump 202.7% to 45,389 shares amid $-10.1M net loss.
Milbury Max A. purchased 30,392 shares at $0.49, increasing his stake from 14,997 shares to 45,389 shares—a 202.7% increase in holdings. The company is currently unprofitable with net income of $-10,117,029.00, and the stock has declined 56.8% from its 52-week high of $31.75, though it has recovered 27.6% over the past 30 days and 35.7% over the past 90 days. The purchase was executed at a substantial discount to the current price of $13.72, suggesting the insider acquired shares when the stock was trading near multi-month lows. This acquisition pattern—a material increase in holdings at depressed price levels—warrants monitoring to assess whether this represents personal reaccumulation or a broader shift in confidence following recent price recovery.