Kraken Robotics (CVE:PNG) Reaches New 12-Month High Following Insider Buying Activity

Kraken Robotics Inc. (CVE:PNGGet 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 %

The company has a debt-to-equity ratio of 62.60, a current ratio of 1.06 and a quick ratio of 0.64. The stock’s fifty day simple moving average is C$0.57 and its 200-day simple moving average is C$0.45. The stock has a market cap of C$130.99 million and a P/E ratio of -22.41.

About Kraken Robotics

(Get Rating)

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.

Read More

Receive News & Ratings for Kraken Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraken Robotics and related companies with's FREE daily email newsletter.