🔴 PNG.V is trading 6.3% down today on profit-taking after strong Q1 revenue growth

PNG.V is trading at CA$7.31, down 6.3% today as investors lock in profits following the company's Q1 2026 earnings report despite robust top-line performance.

• Revenue grew 35% year-over-year to C$21.7 million, driven by strong demand for SeaPower subsea batteries and Synthetic Aperture Sonar (SAS) products.
• Management reaffirmed its full-year guidance, suggesting the current pullback is a valuation and sentiment reset rather than a reaction to negative fundamental news.