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

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

Kraken Robotics Stock Up 1.1 %

Shares of CVE PNG traded up C$0.03 during mid-day trading on Wednesday, hitting C$2.75. 1,795,429 shares of the stock traded hands, compared to its average volume of 1,178,003. The company has a market cap of C$632.86 million, a price-to-earnings ratio of 55.00 and a beta of 1.15. The stock has a fifty day moving average price of C$2.48 and a 200-day moving average price of C$1.84. Kraken Robotics Inc. has a 52 week low of C$0.71 and a 52 week high of C$2.86. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71.

Wall Street Analysts Forecast Growth

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

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.