Kraken Robotics (CVE:PNG) Price Target Raised to C$2.50 at Canaccord Genuity Group

Kraken Robotics (CVE:PNG) had its target price raised by Canaccord Genuity Group from C$2.00 to C$2.50 in a research note published on Friday morning,BayStreet.CA reports.

Kraken Robotics Stock Performance

Shares of PNG opened at C$2.03 on Friday. Kraken Robotics has a 12 month low of C$0.58 and a 12 month high of C$2.67. The stock has a fifty day moving average price of C$1.91 and a 200-day moving average price of C$1.45. 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$467.16 million, a PE ratio of 40.60 and a beta of 1.15.

Insider Activity at Kraken Robotics

In related news, Senior Officer David Shea sold 142,500 shares of Kraken Robotics stock in a transaction dated Friday, August 30th. The stock was 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 company 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.