Kraken Robotics Inc. (CVE:PNG) Director Acquires C$50,115.00 in Stock

Kraken Robotics Inc. (CVE:PNGGet Rating) Director Michael Shaun Mcewan bought 75,000 shares of the stock in a transaction on Friday, January 20th. The stock was purchased at an average price of C$0.67 per share, for a total transaction of C$50,115.00. Following the purchase, the director now directly owns 75,000 shares of the company’s stock, valued at C$50,115.

Kraken Robotics Stock Performance

Shares of Kraken Robotics stock traded down C$0.01 during midday trading on Monday, hitting C$0.66. The company had a trading volume of 150,305 shares, compared to its average volume of 176,707. The stock has a market cap of C$133.01 million and a PE ratio of -22.76. Kraken Robotics Inc. has a 1-year low of C$0.27 and a 1-year high of C$0.67. The business’s 50 day simple moving average is C$0.56 and its two-hundred day simple moving average is C$0.44. The company has a debt-to-equity ratio of 62.60, a current ratio of 1.06 and a quick ratio of 0.64.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their target price on shares of Kraken Robotics from C$0.70 to C$0.80 in a research report on Wednesday, November 30th.

About Kraken Robotics

(Get Rating)

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of software-centric sensors, batteries, and underwater robotic systems for unmanned underwater vehicles used in military and commercial applications. It operates in two segments, Sensors and Platforms, and Power.

Further Reading

Receive News & Ratings for Kraken Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraken Robotics and related companies with MarketBeat.com's FREE daily email newsletter.