Kraken Robotics (PNG) Trading Down 9%

Kraken Robotics (PNG) Trading Down 9%

Kraken Robotics Inc (CVE:PNG) fell 9% during trading on Thursday . The company traded as low as C$0.59 and last traded at C$0.61. 1,737,539 shares were traded during mid-day trading, an increase of 503% from the average session volume of 288,118 shares. The stock had previously closed at C$0.67.

The company has a debt-to-equity ratio of 4.65, a current ratio of 2.02 and a quick ratio of 1.38. The firm has a market cap of $91.81 million and a P/E ratio of -22.33.

Kraken Robotics Company Profile (CVE:PNG)

Kraken Robotics Inc, a marine technology company, designs, develops, and markets underwater sonars and acoustic velocity sensors for unmanned underwater vehicles used in military and commercial applications in Canada, the United States, France, Israel, and internationally. The company offers AquaPix, an interferometric synthetic aperture sonar for use in onboard autonomous underwater vehicles, remotely operated tow vehicles, remotely operated vehicles, and tow bodies; real time synthetic aperture sonar (SAS) image processors; Aquatrak, a speed sensor; and SeaVision, a 3D laser system for underwater vehicles.

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