Kraken Robotics (CVE:PNG) Sets New 52-Week High - Still a Buy?

Shares of Kraken Robotics Inc. (CVE:PNG - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$2.85 and last traded at C$2.78, with a volume of 301947 shares traded. The stock had previously closed at C$2.74.

Wall Street Analyst Weigh In

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

Kraken Robotics Trading Down 0.7 %

The stock's 50 day simple moving average is C$2.47 and its two-hundred day simple moving average is C$1.83. The stock has a market capitalization of C$625.95 million, a PE ratio of 54.40 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64.

Insider Buying and Selling at Kraken Robotics

In related news, Senior Officer Gregory Michael Reid purchased 16,260 shares of Kraken Robotics stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of C$2.46 per share, for a total transaction of C$39,999.60. Corporate 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.