Kraken Robotics (CVE:PNG) Sets New 52-Week High – Still a Buy?

Shares of Kraken Robotics Inc. (CVE:PNG) reached a new 52-week high during trading on Monday . The stock traded as high as C$2.85 and last traded at C$2.80, with a volume of 457069 shares traded. The stock had previously closed at C$2.77.

Wall Street Analyst Weigh In

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 Price Performance

The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64. The stock has a market capitalization of C$584.53 million, a PE ratio of 50.80 and a beta of 1.15. The company has a 50-day moving average of C$2.42 and a two-hundred day moving average of C$1.79.

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.