Kraken Good Investment!
We understand that investors flee stocks when systematic risk prevails, and the current market meltdown has spared few microcap stocks. Kraken Robotics (TSXV:PNG, OTC: KRKNF), a Sophic Capital client, was no exception. But in our Microcap Investing in a Crisis report we detailed how microcaps (especially those with strong balance sheets) typically outperform large-, mid-, and small-cap stocks after bear markets end.
Coming into this bear market, Kraken’s management announced steady contract wins over the past 13 months:
Jan. 23/20 8-year framework agreement signed with international defense contractor
Jan. 20/20 Finalize OceanVision contract with Ocean Supercluster & industry […]