Kraken Robotics (CVE:PNG) Hits New 1-Year High – Here’s What Happened

Kraken Robotics Inc. (CVE:PNG)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$1.80 and last traded at C$1.81, with a volume of 1201831 shares changing hands. The stock had previously closed at C$1.68.

Kraken Robotics Stock Performance

The firm’s fifty day moving average price is C$1.64 and its 200-day moving average price is C$1.27. 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 cap of C$418.84 million, a price-to-earnings ratio of 36.40 and a beta of 1.15.

Kraken Robotics (CVE:PNG) last issued its earnings results on Thursday, August 22nd. The company reported C$0.01 earnings per share (EPS) for the quarter. Kraken Robotics had a net margin of 10.51% and a return on equity of 23.24%. The business had revenue of C$22.76 million during the quarter, compared to analysts’ expectations of C$24.60 million. Analysts expect that Kraken Robotics Inc. will post 0.0749482 earnings per share for the current year.

Insider Activity at Kraken Robotics

In related news, Senior Officer David Shea sold 142,500 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$1.57, for a total value of C$223,782.00. 10.13% of the stock is owned by insiders.

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.