While the equity indices continue to trade near all-time highs, several stocks are priced at reasonable valuations, positioning them to deliver outsized returns to shareholders. In this article, I have identified two cheap Canadian stocks you can buy for less than $20 in November.
Kraken Robotics stock
Valued at $540 million by market cap, Kraken Robotics (TSXV:PNG) is a marine technology company that designs, manufactures, and sells software-centric sensors, batteries, and underwater robotic systems for unmanned use in military and commercial operations.
In the last 10 years, Kraken Robotics has increased its sales at an exceptional compound annual growth rate of 61.5%. During this period, its adjusted earnings have risen by 22% annually. Since October 2019, PNG stock has returned close to 200% to shareholders. The company went public in early 2015 and has delivered cumulative gains of 1,188%.
In the last 12 months, Kraken has…
