Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid Purchases 16,260 Shares

Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid bought 16,260 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of C$2.46 per share, for a total transaction of C$39,999.60.

Kraken Robotics Trading Down 2.8 %

CVE PNG opened at C$2.47 on Thursday. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39. Kraken Robotics Inc. has a 1-year low of C$0.64 and a 1-year high of C$2.85. The firm’s fifty day simple moving average is C$2.43 and its 200-day simple moving average is C$1.79. The company has a market capitalization of C$568.42 million, a PE ratio of 49.40 and a beta of 1.15.

Analyst Upgrades and Downgrades

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

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.