Kraken Robotics (CVE:PNG) Sets New 52-Week High - Here's What Happened

Kraken Robotics Inc. (CVE:PNG - Get Free Report) shares reached a new 52-week high during trading on Monday . The company 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.

Analyst Upgrades and Downgrades

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

Kraken Robotics Trading Down 4.0 %

The company's 50 day simple moving average is C$2.39 and its two-hundred day simple moving average is C$1.76. The company has a market cap of C$612.15 million, a PE ratio of 53.20 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64.

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.