Insider Buying: Kraken Robotics Inc. (CVE:PNG) Senior Officer Purchases 16,260 Shares of Stock

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

Kraken Robotics Stock Down 2.8 %

Shares of PNG stock traded down C$0.07 during trading on Wednesday, reaching C$2.47. The company’s stock had a trading volume of 1,740,716 shares, compared to its average volume of 1,216,172. The company has a market cap of C$568.42 million, a price-to-earnings ratio of 49.40 and a beta of 1.15. Kraken Robotics Inc. has a one year low of C$0.64 and a one year high of C$2.85. The business has a fifty day moving average price of C$2.42 and a 200-day moving average price of C$1.79. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target 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.