Kraken Robotics (CVE:PNG) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Posted by Ethan Ryder on Mar 6th, 2025

Kraken Robotics Inc. (CVE:PNG – Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.60 and traded as low as C$2.13. Kraken Robotics shares last traded at C$2.23, with a volume of 1,199,141 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PNG. Raymond James raised Kraken Robotics to a “moderate buy” rating in a report on Thursday, January 23rd. Desjardins set a C$3.60 target price on Kraken Robotics and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group raised their price target on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd.

View Our Latest Research Report on Kraken Robotics

Kraken Robotics Price Performance

The stock has a fifty day moving average of C$2.60 and a two-hundred day moving average of C$2.19. The stock has a market capitalization of C$606.28 million, a price-to-earnings ratio of 59.00 and a beta of 1.15. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Insider Activity at Kraken Robotics

In other news, Senior Officer David Shea bought 11,954 shares of the stock in a transaction dated Friday, January 10th. The stock was bought at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the stock in a transaction dated Wednesday, January 8th. The stock was purchased at an average cost of C$2.46 per share, with a total value of C$39,999.60. Insiders own 10.13% of the company’s stock.

Kraken Robotics Company Profile

(Get Free Report)

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.