Kraken Robotics Inc. (PNG.V) (CVE:PNG) Director Karl Andrew Kenny Sells 400,000 Shares

Kraken Robotics Inc. (PNG.V) (CVE:PNG) Director Karl Andrew Kenny sold 400,000 shares of the stock in a transaction dated Thursday, February 18th. The shares were sold at an average price of C$0.95, for a total value of C$380,000.00. Following the completion of the transaction, the director now directly owns 24,810,049 shares in the company, valued at approximately C$23,569,546.55.

Shares of CVE PNG traded down C$0.05 during mid-day trading on Tuesday, reaching C$0.78. 672,179 shares of the company’s stock were exchanged, compared to its average volume of 664,627. The firm has a market capitalization of C$128.71 million and a price-to-earnings ratio of -46.11. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 27.47. The business has a fifty day simple moving average of C$0.62 and a 200 day simple moving average of C$0.62. Kraken Robotics Inc. has a twelve month low of C$0.28 and a twelve month high of C$1.16.

Kraken Robotics Inc. (PNG.V) (CVE:PNG) last released its quarterly earnings results on Tuesday, November 24th. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$1.55 million during the quarter. Equities research analysts predict that Kraken Robotics Inc. will post 0.02 earnings per share for the current fiscal year.

About Kraken Robotics Inc. (PNG.V)

Kraken Robotics Inc, a marine technology company, designs, manufactures, and sells software-centric sensors, batteries, and underwater robotic systems for unmanned underwater vehicles used in military and commercial applications. The company offers AquaPix interferometric synthetic aperture sonar (InSAS) for use in onboard autonomous underwater vehicles, remotely operated tow vehicles, remotely operated vehicles, and tow bodies; AquaPix miniature InSAS, an off the shelf configurable InSAS; and SeaVision, a subsea 3D laser imaging system.

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