Gregory Michael Reid Purchases 16,260 Shares of Kraken Robotics Inc. (CVE:PNG) Stock

Kraken Robotics Inc. (CVE:PNG) 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, for a total transaction of C$39,999.60.

Kraken Robotics Stock Down 2.8 %

Shares of PNG stock opened at C$2.47 on Thursday. The company has a market capitalization of C$568.42 million, a price-to-earnings ratio of 49.40 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’s 50 day simple moving average is C$2.43 and its 200 day simple moving average is C$1.79. Kraken Robotics Inc. has a twelve month low of C$0.64 and a twelve month high of C$2.85.

Analyst Upgrades and Downgrades

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

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.