Gregory Michael Reid Purchases 16,260 Shares of Kraken Robotics Inc. (CVE:PNG) Stock

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

Kraken Robotics Stock Performance

Shares of PNG stock opened at C$2.63 on Friday. The firm’s 50 day moving average is C$2.44 and its 200 day moving average is C$1.80. The stock has a market capitalization of C$605.24 million, a P/E ratio of 52.60 and a beta of 1.15. Kraken Robotics Inc. has a 12 month low of C$0.65 and a 12 month high of C$2.85. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective 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.