Kraken Robotics (CVE:PNG) Hits New 52-Week High – Here’s What Happened

Kraken Robotics Inc. (CVE:PNGGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.93 and last traded at C$2.88, with a volume of 718528 shares changing hands. The stock had previously closed at C$2.86.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Kraken Robotics

Kraken Robotics Trading Up 0.7 %

The company has a market cap of C$662.77 million, a price-to-earnings ratio of 57.60 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64. The business has a 50 day simple moving average of C$2.51 and a 200 day simple moving average of C$1.88.

Insider Buying and Selling at Kraken Robotics

In other Kraken Robotics news, Senior Officer David Shea purchased 11,954 shares of the stock in a transaction dated Friday, January 10th. The stock was bought at an average price of C$2.64 per share, for a total transaction of C$31,558.56. Also, Senior Officer Gregory Michael Reid acquired 16,260 shares of Kraken Robotics stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of C$2.46 per share, for a total transaction of C$39,999.60. Corporate insiders own 10.13% of the company’s stock.

Kraken Robotics Company Profile

(Get Free Report)

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.

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