Kraken Robotics Inc. (CVE:PNG – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Monday following insider buying activity. The company traded as high as C$0.67 and last traded at C$0.66, with a volume of 109559 shares trading hands. The stock had previously closed at C$0.67.
Specifically, Director Michael Shaun Mcewan purchased 75,000 shares of Kraken Robotics stock in a transaction dated Friday, January 20th. The shares were acquired at an average price of C$0.67 per share, with a total value of C$50,115.00. Following the completion of the transaction, the director now owns 75,000 shares of the company’s stock, valued at approximately C$50,115. Over the last 90 days, insiders have purchased 86,250 shares of company stock valued at $56,890.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group increased their price target on shares of Kraken Robotics from C$0.70 to C$0.80 in a research report on Wednesday, November 30th.
Kraken Robotics Stock Down 1.5 %
About Kraken Robotics
Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of software-centric sensors, batteries, and underwater robotic systems for unmanned underwater vehicles used in military and commercial applications. It operates in two segments, Sensors and Platforms, and Power.
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