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Kraken Robotics Inc. (PNG $3.46)
- $3.46 P/E (TTM): 50.14X Cap: $1.05B
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Q: Kraken just announced results about a month ago and corrected on what was considered a miss on results. It has since recovered nicely and last few days have been very good to share price growth and with I think good volume.
Any news or explanation to account for this?
Thanks John

Asked by John on December 10, 2024

5i Research Answer:

There has been no news since the earnings announcement. Cannacord raised its target on November 22 to $2.50. It looks like the sell off was likely just profit-taking as the stock is back very close to its old highs.

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