Michael Shaun Mcewan Acquires 75,000 Shares of Kraken Robotics Inc. (CVE:PNG) Stock

Kraken Robotics Inc. (CVE:PNG – Get Rating) Director Michael Shaun Mcewan bought 75,000 shares of the company’s stock in a transaction dated Friday, January 20th. The shares were acquired at an average price of C$0.67 per share, for a total transaction of C$50,115.00. Following the acquisition, the director now owns 75,000 shares in the company, valued at approximately C$50,115.

Kraken Robotics Stock Performance

Shares of Kraken Robotics stock opened at C$0.66 on Tuesday. The stock has a market cap of C$133.01 million and a price-to-earnings ratio of -22.76. The firm’s 50-day moving average is C$0.56 and its 200 day moving average is C$0.45. Kraken Robotics Inc. has a 1 year low of C$0.27 and a 1 year high of C$0.67. The company has a debt-to-equity ratio of 62.60, a current ratio of 1.06 and a quick ratio of 0.64.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on shares of Kraken Robotics from C$0.70 to C$0.80 in a research note on Wednesday, November 30th.

Kraken Robotics Company Profile

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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.