Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid Acquires 16,260 Shares

Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid purchased 16,260 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired at an average cost of C$2.46 per share, for a total transaction of C$39,999.60.

Kraken Robotics Stock Performance

PNG traded down C$0.07 on Wednesday, reaching C$2.47. The company had a trading volume of 1,740,716 shares, compared to its average volume of 1,216,172. Kraken Robotics Inc. has a fifty-two week low of C$0.64 and a fifty-two week high of C$2.85. The stock has a market cap of C$568.42 million, a P/E ratio of 49.40 and a beta of 1.15. The company’s fifty day moving average is C$2.42 and its 200 day moving average is C$1.79. 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 Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on Kraken Robotics from C$2.00 to C$2.50 in a 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.