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TSXV:KRKN 25 May 2026

Kraken Robotics Gains 9% on Covelya Deal Chatter

Kraken Robotics Gains 9% on Covelya Deal Chatter

Kraken Robotics shares rose 8.9% to C$7.94 on the TSX Venture Exchange by midday Monday, rebounding after a 4.95% drop Friday. Trading volume reached about 576,260 shares. No new company statement was released; investors await updates on Kraken’s pending C$615 million Covelya acquisition, expected to close in the second quarter. Canadian markets remained open while U.S. exchanges closed for Memorial Day.
25 May 2026
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Stock Market Today

  • Delivery Hero Shares Jump 10% as Uber Considers Enhanced €10 Billion Takeover Offer
    May 25, 2026, 1:27 PM EDT. Delivery Hero (DELH.Y) stock surged over 10% following reports that Uber is contemplating an improved takeover bid exceeding €10 billion. Uber initially offered €33 per share, but after a €38 per share bid was rejected by a major shareholder, the ride-hailing giant's board discussed a higher offer. Uber has boosted its stake in Delivery Hero to about 19.5%, signaling strong acquisition intent. Delivery Hero has shown solid financial performance with 30% EBITDA growth and positive free cash flow. The acquisition would consolidate Uber Eats with Delivery Hero's strong presence in markets like the Middle East and South Korea, amid a fast-changing food delivery sector. Uber shares declined 2.4% amid concerns over deal costs and risks.

Latest articles

Bank of Montreal Stock Approaches Record With Earnings Due Soon

Bank of Montreal Stock Approaches Record With Earnings Due Soon

25 May 2026
Bank of Montreal shares rose 0.86% to C$224.37 in Toronto Monday, nearing a 52-week high as the S&P/TSX Composite hit a record. The bank will pay a C$1.67 dividend on May 26 and report fiscal Q2 results on May 27. U.S.-listed BMO was inactive with U.S. markets closed for Memorial Day. Financials led TSX sector gains in May, up 5.5%.
First Quantum Shares Surge as Copper Rally Brings Cobre Panama Back in Focus

First Quantum Shares Surge as Copper Rally Brings Cobre Panama Back in Focus

25 May 2026
First Quantum Minerals shares rose 7.77% to C$39.58 in Toronto by midday Monday, after Panama allowed the company to process and export copper stockpiles from the closed Cobre Panama mine. Copper prices climbed 0.9% to $13,624.32 a ton in London. Canada’s main stock index hit a record, driven by mining gains. First Quantum raised its 2026 copper production outlook, citing the stockpile plan.
Kraken Robotics Gains 9% on Covelya Deal Chatter

Kraken Robotics Gains 9% on Covelya Deal Chatter

25 May 2026
Kraken Robotics shares rose 8.9% to C$7.94 on the TSX Venture Exchange by midday Monday, rebounding after a 4.95% drop Friday. Trading volume reached about 576,260 shares. No new company statement was released; investors await updates on Kraken’s pending C$615 million Covelya acquisition, expected to close in the second quarter. Canadian markets remained open while U.S. exchanges closed for Memorial Day.
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