Kraken Robotics (CVE:PNG) Hits New 12-Month High – Here’s Why

Shares of Kraken Robotics Inc. (CVE:PNG) reached a new 52-week high during trading on Monday . The company traded as high as C$2.85 and last traded at C$2.80, with a volume of 457069 shares. The stock had previously closed at C$2.77.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd.

Kraken Robotics Stock Down 4.5 %

The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39. The firm has a market capitalization of C$584.53 million, a price-to-earnings ratio of 50.80 and a beta of 1.15. The firm has a 50 day moving average price of C$2.42 and a two-hundred day moving average price of C$1.79.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.