Kraken Robotics Strengthens Board with Defense Industry Veteran

Kraken Robotics Systems Inc ( (TSE:PNG) ) has provided an announcement.

Kraken Robotics Inc. has appointed Kristin Robertson, a seasoned executive with over 30 years in the defense industry, to its Board of Directors. Robertson’s extensive experience with major U.S. defense companies like Boeing and RTX Corporation is expected to significantly contribute to Kraken’s growth and innovation in subsea technology. Additionally, the company has issued stock options to employees and directors, reflecting its commitment to incentivizing talent as it progresses in its strategic goals.

The most recent analyst rating on (TSE:PNG) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.

Spark’s Take on TSE:PNG Stock

According to Spark, TipRanks’ AI Analyst, TSE:PNG is a Outperform.

Kraken Robotics’ overall score reflects a strong financial performance and optimistic earnings guidance, which are the most significant factors. However, the technical analysis and valuation suggest caution, while recent corporate events support growth potential.

To see Spark’s full report on TSE:PNG stock, click here.

More about Kraken Robotics Systems Inc

Kraken Robotics Inc. is a company that specializes in transforming subsea intelligence through advanced 3D imaging sensors, power solutions, and robotic systems. Their products and services aim to address oceanic challenges safely, efficiently, and sustainably, offering high-resolution synthetic aperture sonar, sub-bottom imaging, and LiDAR systems. Kraken Robotics is headquartered in Canada and operates globally, serving clients in over 30 countries.

Average Trading Volume: 700,889

Technical Sentiment Signal: Buy

Current Market Cap: C$625.5M

For detailed information about PNG stock, go to TipRanks’ Stock Analysis page.