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

Kraken Robotics Inc. (CVE:PNG – Get 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

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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.