Insider Selling: Kraken Robotics Inc. (CVE:PNG) Senior Officer Sells 261,600 Shares of Stock

Kraken Robotics Inc. (CVE:PNG - Get Free Report) Senior Officer Gregory Michael Reid sold 261,600 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total transaction of C$753,408.00.

Kraken Robotics Trading Down 1.7%

Shares of PNG stock traded down C$0.05 during trading hours on Monday, hitting C$2.88. 936,248 shares of the company's stock traded hands, compared to its average volume of 883,672. The stock's 50 day simple moving average is C$2.45 and its 200 day simple moving average is C$2.50. The stock has a market cap of C$783.00 million, a PE ratio of 76.20 and a beta of 1.15. Kraken Robotics Inc. has a 12 month low of C$0.92 and a 12 month high of C$3.07. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32.

Wall Street Analyst Weigh In

PNG has been the topic of a number of research analyst reports. National Bankshares set a C$3.00 target price on shares of Kraken Robotics and gave the company an "outperform" rating in a research report on Thursday, April 24th. National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Desjardins raised their price target on shares of Kraken Robotics from C$3.60 to C$4.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th.

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.