TRG.CN Tarachi Gold Corp. (CNQ) up 58% to C$0.095 on 28 Jan 2026: heavy volume shows momentum
TRG.CN stock led today’s top gainers on the TSX Venture (CNQ) after rising to C$0.095, a 58.33% intraday advance on 28 Jan 2026. The move came with a heavy trade of 1,637,073 shares, nearly ten times the average volume of 89,256. We break down why Tarachi Gold Corp. (TRG.CN) spiked, how valuation and technicals line up, and what the Meyka AI forecast suggests for investors in Canada.
Price action and volume show a clear breakout
TRG.CN stock opened at C$0.085 and hit a day high of C$0.095 on 28 Jan 2026. The 1,637,073 share print is 9.37x the average daily volume, signaling institutional or speculative interest. The previous close was C$0.060, so today’s change of C$0.035 equals a 58.33% gain, which explains its top-gainer status during market hours.
Fundamentals and valuation for Tarachi Gold Corp. (TRG.CN)
Tarachi Gold Corp. reports a market cap of C$8,347,627 and 119,251,810 shares outstanding. EPS is -0.03 with a reported PE of -2.33, reflecting current losses. Price-to-book is 2.49, and cash per share is C$0.02645. The company’s assets include the Tarachi project and a mill option in Mexico, placing it in the Basic Materials gold sector, which is up 37.55% over three months.
Technical setup: short-term momentum vs moving averages
The stock trades well above its 50-day average of C$0.03650 and 200-day average of C$0.03380, showing a sharp short-term recovery. RSI sits at 54.70, indicating neutral momentum. The relative volume and the strong daily range from C$0.08 to C$0.095 suggest a breakout run. Watch resistance near C$0.12 and support at C$0.08 for the next sessions.
Meyka AI grade and model forecast for TRG.CN
Meyka AI rates TRG.CN with a score out of 100: 69.13, Grade B, Suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly price of C$0.03428 and a quarterly level of C$0.05000. Compared with the current price of C$0.095, the yearly projection implies an implied downside of -63.91%. Forecasts are model-based projections and not guarantees.
Catalysts, risks and sector context
Catalysts include drill results, permitting progress, or mill-tailings revenue updates from Tarachi’s Mexican assets. Key risks are cash burn, exploration dilution, and low liquidity despite today’s spike. The gold industry in Canada has outperformed recently, with Basic Materials up 22.15% YTD, which supports speculative interest in juniors like Tarachi Gold Corp.
Analyst view, price targets and trading considerations
No formal analyst consensus exists for a price target; however, technical resistance zones suggest a short-term target near C$0.14 and a higher risk target at C$0.20 if momentum continues. Conservative traders may prefer waiting for volume confirmation above C$0.12. Given thin free-float and high volatility, position sizing and stop losses are essential.
Final Thoughts
TRG.CN stock registered a strong intraday move to C$0.095 on 28 Jan 2026, driven by an outsized volume surge of 1,637,073 shares and a price well above its 50- and 200-day averages. Fundamentals show a small market cap of C$8,347,627, negative EPS of -0.03, and a price-to-book of 2.49, suggesting speculative status rather than value. Meyka AI’s forecast model projects a yearly price of C$0.03428, implying -63.91% versus the current price; this highlights model caution amid headline strength. For active traders, a breach and hold above C$0.12 could target C$0.14 short term, with C$0.20 as an extended scenario. Long-term investors should weigh exploration news, funding needs, and sector trends in gold. Meyka AI’s real-time tools provide additional context for TRG.CN stock moves, but forecasts are model-based and not guarantees.
FAQs
Why did TRG.CN stock spike today?
TRG.CN stock rose due to a volume surge of 1,637,073 shares and a breakout above recent averages. Volume was about 9.37 times normal, indicating strong buying interest or news-driven trades during market hours.
What are the main valuation metrics for Tarachi Gold Corp.?
Key metrics: market cap C$8,347,627, EPS -0.03, PE -2.33, price-to-book 2.49, cash per share C$0.02645. These figures reflect a small, loss-making exploration company with speculative valuation.
What does Meyka AI forecast for TRG.CN stock?
Meyka AI’s model projects a yearly price of C$0.03428 and a quarterly level of C$0.05. Compared to the current C$0.095, the yearly projection implies a -63.91% downside. Forecasts are model-based and not guarantees.
How should investors manage risk with TRG.CN stock?
Given low market cap and high volatility, use small position sizes, set tight stop losses, and wait for confirmation above C$0.12 before adding. Monitor exploration updates and funding announcements closely.
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.
