Kraken Robotics (CVE:PNG) Sets New 12-Month High – What’s Next?

Kraken Robotics Inc. (CVE:PNG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.85 and last traded at C$2.78, with a volume of 301947 shares trading hands. The stock had previously closed at C$2.74.

Analyst Upgrades and Downgrades

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

Kraken Robotics Trading Up 2.6 %

The business’s 50-day simple moving average is C$2.47 and its two-hundred day simple moving average is C$1.83. The firm has a market capitalization of C$646.67 million, a price-to-earnings 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.

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 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. 10.13% of the stock is currently owned by corporate insiders.

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.