Gregory Michael Reid Buys 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 business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were purchased at an average price of C$2.46 per share, for a total transaction of C$39,999.60.

Kraken Robotics Trading Up 1.1 %

CVE:PNG opened at C$2.66 on Friday. Kraken Robotics Inc. has a 1 year low of C$0.67 and a 1 year high of C$2.85. The stock has a market cap of C$612.15 million, a P/E ratio of 53.20 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. The stock has a 50-day simple moving average of C$2.45 and a 200-day simple moving average of C$1.81.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased 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 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.