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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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From: Underexposed3/16/2019 1:13:45 PM
1 Recommendation

Recommended By
kidl

  Read Replies (1) of 49402
 
PNG.V : Kracken Robotics Inc.

I have made pretty good coin on this penny buying in back in January at about $0.45/share.

I liked the chart at that time (for those that don't know me I am a chartist) but more than that I liked its business. Here is a description of the company

Kraken Robotics Inc is a marine technology company. It is primarily engaged in the design, development, and marketing of advanced sensors for unmanned underwater vehicles used in military and commercial applications. The firm develops synthetic aperture sonar (SAS), an underwater imaging technology that surveys seabed by providing ultra-high-resolution imagery. Their line of products includes AquaPix, AQUATRAK, SeaVision, KATFISH, THUNDERFISH, A-LARS and Datapod.
That intrigued me and it is based in Newfoundland of all places.

Here are the financials for this company PNG.V Financials

It is not making net revenue yet but the total revenue is increasing almost by double year on year.

For the last 3 years it has been basically a research organization in a rather specialized field of underwater high resolution mapping....apparently they are getting attention from the military for its quality of image and is used for identifying underwater mines.

It has been selling components to a major oceanic companies:

Ocean Infinity Group (of Norway) : is a next generation offshore ocean survey and ocean exploration company using a fleet of autonomous underwater vehicles. Ocean Infinity provides a comprehensive seabed exploration system that is highly efficient and permits multi-tasking. Their comprehensive range of on-board systems and equipment permit continuous operation through to project completion, which gives them the capability to inspect, repair or recover discoveries made during a survey, eliminating the need for a second vessel. Their approach dramatically increases productivity and reduces downtime – saving clients time and money with their ’one stop shop’ multi-purpose vessel.

Awarded contract from ECA Robotics of France for our SAS sensor for their AUV

They have received grants and contracts from Canadian National Defense.

You can read all this in news releases shown here Kraken News releases

After following this company for two months increasing my holdings slightly as time went on... it has finally had a breakout on NO NEWS

Here is the chart



I don't believe this to be a pump and dump.... there is something that has grabbed investor attention that has not been announced yet.

I think this stock deserves attention.

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Disclaimer:

I am not a registered broker. I am retired and use Technical Analysis as the main tool in my investment decisions. Accept or reject my comments as you will, but do your own Due Diligence (DD) before making any decisions based on the information I provide.

Underexposed
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