Kraken Robotics (CVE:PNG) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Kraken Robotics Stock Up 1.1 %

The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39. The firm has a market cap of C$632.86 million, a PE ratio of 55.00 and a beta of 1.15. The business’s 50-day simple moving average is C$2.48 and its 200 day simple moving average is C$1.84.

Insider Activity at Kraken Robotics

In related news, Senior Officer David Shea acquired 11,954 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of C$2.46 per share, for a total transaction of C$39,999.60. 10.13% of the stock is currently owned by corporate insiders.

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.