SPMT.CN falls 33% to C$0.005 Jan 26 2026: Spearmint Resources CNQ liquidity risk

SPMT.CN stock dropped 33.33% on Jan 26 2026, falling to C$0.005 on the CNQ (Canada) exchange during market hours. Trading volume surged to 1,013,000 shares versus an average of 45,554, signalling a liquidity-driven selloff. The move cuts the stock close to its year low of C$0.005 and follows weak junior lithium sector coverage and thin company fundamentals. We examine what pushed Spearmint Resources Inc. (SPMT.CN) lower, the key metrics behind the drop, and whether the stock presents a speculative opportunity or continued downside risk

SPMT.CN stock: Today’s price action and drivers

Spearmint Resources Inc. (SPMT.CN) opened at C$0.005 and hit a high of C$0.0075 before closing at C$0.005, a -33.33% intraday change. Volume of 1,013,000.00 shares was 22.24x the average, showing aggressive selling pressure. The day’s range matched the year low, highlighting limited bid support at current levels.

Sector commentary on junior lithium miners in January 2026 increased selling across small explorers. A Seeking Alpha roundup flagged broad risk appetite shifts for juniors, which likely amplified SPMT.CN moves source.

Fundamentals and valuation: hard numbers for SPMT.CN stock

Spearmint reports EPS -0.01 and a trailing P/E of -0.50, reflecting negative earnings and an exploration-stage balance sheet. Market cap stands at C$1,439,145.00 with 287,829,000.00 shares outstanding. Book value per share is C$0.00856, while cash per share is C$0.00055, indicating minimal liquidity on the balance sheet.

Key ratios show strain: current ratio 0.45, price-to-book 0.58, and negative operating cash flow per share -0.00074. These metrics explain why investors treat SPMT.CN stock as high risk and why any sector weakness can trigger outsized moves.

Technical picture and liquidity risks for SPMT.CN stock

Technical indicators are limited by sparse trading history and microcap volatility. Price averages: 50-day C$0.12850 and 200-day C$0.18163 — both far above the current C$0.005, signalling a long-term downtrend. Relative volume was 22.24, and average volume historically is 45,554.00, so price moves often reflect single large trades.

With on-balance metrics showing little support, a small block trade can move the share price sharply. That volatility raises execution risk for larger orders and complicates any short-term SPMT.CN stock trading strategy.

Meyka AI rates SPMT.CN with a score out of 100

Meyka AI rates SPMT.CN with a score of 58.92 out of 100, grade C+, suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The company score points to weak fundamentals but some upside if exploration results or financing improve.

This grade is informational and not investment advice. Investors should perform their own research before acting.

Meyka AI’s forecast model projects and price targets for SPMT.CN stock

Meyka AI’s forecast model projects a 12-month reference price of C$0.015, versus the current C$0.005, implying an upside of 200.00% if the company secures financing or positive exploration news. A downside scenario target is C$0.002, implying -60.00% from today if liquidity worsens.

Forecasts are model-based projections and not guarantees. They assume no major equity dilution and a stable market environment; actual outcomes may vary materially.

Catalysts, risks, and sector context for SPMT.CN stock

Potential catalysts include positive assay results at the McGee Lithium Clay project in Clayton Valley, Nevada, or strategic financing that increases working capital. Negative catalysts include dilution from capital raises, continued sector rotation away from junior lithium names, and the company’s thin cash position.

The Basic Materials sector has outperformed in recent months, but small industrial materials explorers like Spearmint remain sensitive to commodity sentiment. Company updates and sector reports should be monitored closely at the CNQ market in Canada. Company website for filings and updates: source.

Final Thoughts

SPMT.CN stock is a top loser on Jan 26 2026 after a 33.33% intraday fall to C$0.005, driven by thin liquidity and negative sector chatter. Fundamentals show limited cash per share C$0.00055 and negative EPS -0.01, so the share is vulnerable to dilution and margin calls. Meyka AI’s score 58.92 (C+, HOLD) reflects weak metrics but a slim upside if Spearmint secures funding or exploration success. Meyka AI’s forecast projects C$0.015, a 200.00% implied upside versus the current price, but the model warns of a realistic downside to C$0.002 if liquidity dries up. For traders, the key takeaway is execution risk from thin order books and the high probability of further volatility. Long-term investors should wait for clear financing or technical success before increasing exposure to SPMT.CN stock. Forecasts are model-based projections and not guarantees.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.