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

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

Kraken Robotics Price Performance

Kraken Robotics stock opened at C$2.63 on Friday. The stock has a market cap of C$605.24 million, a price-to-earnings ratio of 52.60 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. The business has a 50-day simple moving average of C$2.44 and a 200 day simple moving average of C$1.80. Kraken Robotics Inc. has a 52 week low of C$0.65 and a 52 week high of C$2.85.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of 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.