Kraken Robotics (CVE:PNG) Hits New 12-Month High – Time to Buy?

Kraken Robotics Inc. (CVE:PNG) shares reached a new 52-week high on Monday . The stock traded as high as C$2.93 and last traded at C$2.88, with a volume of 718528 shares traded. The stock had previously closed at C$2.86.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price objective on shares of Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd.

Kraken Robotics Stock 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 firm has a market capitalization of C$662.77 million, a price-to-earnings ratio of 57.60 and a beta of 1.15. The firm’s fifty day moving average is C$2.51 and its 200 day moving average is C$1.88.

Insider Buying and Selling at Kraken Robotics

In other Kraken Robotics news, Senior Officer David Shea purchased 11,954 shares of the stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid purchased 16,260 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average price of C$2.46 per share, with a total value of C$39,999.60. Corporate insiders own 10.13% of the company’s stock.

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.