Kraken Robotics (CVE:PNG) Hits New 12-Month High - Time to Buy?

Kraken Robotics Inc. (CVE:PNG - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as C$2.93 and last traded at C$2.88, with a volume of 718528 shares. The stock had previously closed at C$2.86.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd.

Kraken Robotics Trading Down 1.7 %

The firm has a market capitalization of C$646.67 million, a P/E ratio of 56.20 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. The firm's 50-day simple moving average is C$2.51 and its 200-day simple moving average is C$1.88.

Insider Transactions at Kraken Robotics

In other news, Senior Officer David Shea purchased 11,954 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of C$2.64 per share, for a total transaction of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the stock in a transaction on Wednesday, January 8th. The shares were bought at an average price of C$2.46 per share, with a total value 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.