Kraken Robotics Inc V.PNG

Alternate Symbol(s): KRKNF

Scientific & Technical Instruments

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. The Company operates through two segments: Products and Services. The Products segment is engaged in the design, manufacture and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar and subsea power equipment. Its product business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, SeaPower subsea battery systems and RMDS. The Services segment is involved in the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. Its Services business consists of services provided by robotics as a service (RaaS) portfolio of equipment including its Sub-Bottom Imager, Acoustic Corer and KATFISH.

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Kraken Robotics Inc > What Happened To Kraken Robotics Shares?

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Comment by ranmanon Aug 23, 2024 2:58pm

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Post# 36193854

RE:What Happened To Kraken Robotics Shares?

Look at the chart. You'd be crazy not to take some of the table.

I know, I'm guilty of being greedy.

Kinda hoping I can buy it back next week or two. I'm no expert but I had to lighten up. Sold a bit at $1.55 this morning.

NLMoose wrote:
Kraken Roboitcs shares looked very promising this morning as it was trading at nearly $1.60 a share, but has now plunged below $1.50 a share to $1.48 a share for no reason.

That's a decline of 11-12 cents a share from its peak price today.

With a big backlog of orders for their batteries and robotics equipment at over $1 billion, I was hoping for Kraken Robotics shares to go up over $1.60 a share, not below a $1.50 a share.

What went wrong for Kraken Roboitcs?

Let's hope the stock bounces back into its new optimal price from Labour Day weekend and into the fall.

In other words, Kraken should be going up not down.