Kraken Robotics (CVE:PNG) Shares Down 2.9% - Here's What Happened

Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price traded down 2.9% during mid-day trading on Thursday . The company traded as low as C$2.67 and last traded at C$2.67. 260,647 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 700,360 shares. The stock had previously closed at C$2.75.

Wall Street Analyst Weigh In

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

Kraken Robotics Stock Performance

The stock has a market cap of C$600.64 million, a P/E ratio of 52.20 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. The firm's 50 day moving average is C$2.38 and its 200 day moving average is C$1.74.

Kraken Robotics Company Profile

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.