Kraken Robotics (CVE:PNG) Sets New 12-Month High – What’s Next?

Kraken Robotics Inc. (CVE:PNG) shares hit a new 52-week high on Tuesday . The stock traded as high as C$2.85 and last traded at C$2.78, with a volume of 301947 shares. The stock had previously closed at C$2.74.

Analyst Upgrades and Downgrades

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

Kraken Robotics Stock Performance

The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. The stock has a market capitalization of C$646.67 million, a price-to-earnings ratio of 56.20 and a beta of 1.15. The firm has a fifty day moving average of C$2.47 and a 200-day moving average of C$1.83.

Insider Transactions at Kraken Robotics

In other Kraken Robotics news, Senior Officer Gregory Michael Reid bought 16,260 shares of Kraken Robotics stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average cost of C$2.46 per share, for a total transaction of C$39,999.60. Insiders own 10.13% of the company’s stock.

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.