1. Exit Case: Kraken Robotics Inc. 

Overview:

Kraken Robotics Inc. (TSXV: PNG) is a Canada based company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries.

PNG has been a part of the ‘Value Portfolio’ since 14 October 2025, however, considering decent rise in the share price of the stock, an ‘Exit’ is recommended from the stock at the price of CAD 7.30, as on 22^nd October 2025.  

1.1 Support and Resistance Summary as provided in our last published report dated 14 October 2025.

Kraken Robotics Inc.  

2. New Entry Case: Jaguar Mining Inc.

Overview:  

Jaguar Mining Inc. (TSX: JAG) is a Canadian-listed junior gold mining, development and exploration company operating in the Iron Quadrangle, a prolific greenstone belt located in Minas Gerais, Brazil. Jaguar owns three gold mining complexes, and a large land package with significant upside exploration potential. The company is a long-term producer, having been in continuous production since 2006, with plans to significantly grow production over the next few years.

Technical Analysis: On the daily chart, JAG prices are trading above a trendline, indicating positive momentum. The 14-period Relative Strength Index (RSI) stands at approximately 50.77, reflecting a buying interest. Additionally, prices are positioned above the 20-period Simple Moving Average (SMA), which could serve as a support level. The key support for stock is at CAD 5.33, while the critical resistance level is at CAD 7.32.

Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Portfolio’ at the closing market price of CAD 6.20, as on 22^nd October 2025. 

2.1 Support and Resistance Summary (as on 22^nd October 2025)

2.2 Jaguar Mining Inc. (TSX: JAG)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of (22nd^h October 2025). The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.