- Canadian tech company Kraken Robotics (TSXV:PNG) has been recognized as the top performing company on this year’s TSX Venture 50 list
- Based out of St. John’s, Newfoundland and Labrador, the developer of complex subsea sensors, batteries and robotic systems saw its market cap soar 437 per cent in 2024, adding more than $587 million
- The TSX Venture 50 is an annual ranking of the top performing companies from the past year on TSXV based on three criteria
- Kraken Robotics stock (TSXV:PNG) last traded at C$2.50
Canadian tech company Kraken Robotics (TSXV:PNG) has been recognized as the top performing company on this year’s TSX Venture 50 list.
Based out of St. John’s, Newfoundland and Labrador, the developer of complex subsea sensors, batteries and robotic systems saw its market cap soar 437 per cent in 2024, adding more than C$587 million. This is the fourth appearance for the company on the TSX Venture 50 list since its debut on the Venture Exchange in 2015, with an initial valuation of C$10.6 million.
The TSX Venture 50 is an annual ranking of the top performing companies from the past year on TSXV based on three equally weighted criteria: market capitalization growth, share price appreciation and trading value. The TSX Venture 50 showcases the top 50 of more than 1,800 TSXV issuers.
Click here to see the full list.
The TSX Venture 50 companies had a combined market capitalization of C$21.7 billion as of the end of last year, up 289 per cent year-over-year. Of the 50 spots, 31 companies on the list were held by mining companies, with many of them focused on critical minerals — copper, uranium, and nickel — along with precious metals.
With a 323 per cent share price appreciation in 2024, Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems.
Kraken Robotics stock (TSXV:PNG) last traded at C$2.50 and has risen 187.36 per cent since this time last year.
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(Top photo: TSXV 50 logo via TMX Group.)
