Kraken Robotics (CVE:PNG) Reaches New 12-Month High – Here’s What Happened

Kraken Robotics Inc. (CVE:PNG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.85 and last traded at C$2.80, with a volume of 457069 shares changing hands. The stock had previously closed at C$2.77.

Analysts Set New Price Targets

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

Kraken Robotics Trading Down 2.5 %

The stock has a 50-day moving average price of C$2.39 and a two-hundred day moving average price of C$1.76. The stock has a market capitalization of C$621.35 million, a PE ratio of 54.00 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.

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.