Kraken Robotics (CVE:PNG) Director Donald Christopher Robertson Acquires 10,000 Shares

Kraken Robotics Inc. (CVE:PNG) Director Donald Christopher Robertson bought 10,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average cost of C$6.05 per share, with a total value of C$60,500.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at C$60,500. This represents a ? increase in their ownership of the stock.

Kraken Robotics Price Performance

CVE PNG traded up C$0.27 on Thursday, reaching C$6.32. 1,039,058 shares of the company’s stock traded hands, compared to its average volume of 1,705,537. The stock has a market cap of C$1.94 billion, a PE ratio of 744.00 and a beta of 0.87. Kraken Robotics Inc. has a 12 month low of C$3.28 and a 12 month high of C$10.72. The stock has a 50-day simple moving average of C$7.23 and a 200 day simple moving average of C$7.83. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.37 and a quick ratio of 0.64.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PNG. Scotia boosted their price target on shares of Kraken Robotics from C$9.00 to C$12.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 3rd. ATB Cormark Capital Markets reduced their price objective on Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating on the stock in a research note on Tuesday. Desjardins decreased their price objective on Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a report on Friday, July 3rd. Finally, National Bank Financial lowered their target price on Kraken Robotics to C$10.00 in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kraken Robotics has an average rating of “Moderate Buy” and a consensus price target of C$8.46.

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.