Kraken Robotics Inc. (CVE:PNG) Senior Officer Purchases C$31,558.56 in Stock

Kraken Robotics Inc. (CVE:PNG) Senior Officer David Shea bought 11,954 shares of the business’s stock in a transaction on Friday, January 10th. The shares were acquired at an average price of C$2.64 per share, for a total transaction of C$31,558.56.

Kraken Robotics Stock Up 4.0 %

Shares of Kraken Robotics stock opened at C$2.86 on Friday. The business has a fifty day simple moving average of C$2.51 and a 200 day simple moving average of C$1.87. The stock has a market cap of C$658.17 million, a PE ratio of 57.20 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. Kraken Robotics Inc. has a 12 month low of C$0.71 and a 12 month high of C$2.87.

Analyst Upgrades and Downgrades

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

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.