LP.CN Leopard Lake Gold CNQ down 16.67% to C$0.03 on 29 Jan 2026: oversold bounce setup
We see LP.CN stock trading at C$0.03 open and sliding to C$0.025 on 29 Jan 2026 after a sharp intraday move. The fall of -16.67% and volume near 110,000 shares puts the share price well below the 50-day average C$0.03 and 200-day average C$0.04. For traders using an oversold bounce approach, Leopard Lake Gold Corp. (LP.CN) on the CNQ exchange in Canada now shows a high-risk, short-term mean-reversion setup against clear liquidity and fundamental constraints.
LP.CN stock: current price action and key metrics
Today LP.CN opened at C$0.03 and fell to C$0.025, a -16.67% intraday decline. Volume of 110,000 sits just below the 30-day average of 129,672. Market cap is C$1,236,107.00 with 49,444,267 shares outstanding. EPS is -0.04 and reported PE is negative. Day range is C$0.025–C$0.03 and the 52-week range is C$0.02–C$0.08.
LP.CN stock technicals and oversold bounce rationale
Price sits under both the 50-day average C$0.0349 and 200-day average C$0.04305, creating a classic oversold context with room for a bounce. Average volume and low liquidity raise the risk of volatile, outsized moves. Technical indicators are thin; with limited on-chain oscillator data we view this as a short-term traders’ setup, not a buy-and-hold signal. A successful bounce would need follow-through above C$0.04 on rising volume.
LP.CN stock fundamentals and sector context
Leopard Lake Gold Corp. operates in the Basic Materials sector, gold industry, in Canada on the CNQ. Book value per share is C$0.03 and PB ratio is roughly 0.97. Current ratio and working capital metrics are weak, and TTM cash per share is minimal. The Basic Materials sector has stronger averages (sector PE near 32.88), so LP.CN trades as a microcap explorer with higher operational risk compared to large producers.
Meyka AI rates LP.CN with a score out of 100
Meyka AI rates LP.CN with a score out of 100: 58.39 / C+ — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. We flag the grade as model-based and not investment advice. Key weaknesses include negative EPS, very low cash per share, and narrow liquidity; strengths are tangible asset value and low debt ratios.
LP.CN stock forecast and price targets
Meyka AI’s forecast model projects a 1-year figure of C$0.01882. Against the current price C$0.025, that implies an expected move of -24.71% (model-based). For an oversold bounce trade we see short-term scenario targets: a conservative bounce target C$0.04 and a resistance/longer-term recovery level near the 52-week high C$0.08. These targets are scenario-based, not guarantees, and need volume confirmation.
Risks, catalysts and trading checklist for LP.CN stock
Primary risks: limited liquidity, negative earnings, very low cash per share, and exploration-stage outcomes that can dilute value. Catalysts include positive drill results, option exercises on the Leduc or Stella projects, or a gold-price rally. For an oversold bounce trade we require: (1) volume > 150,000 on a green candle, (2) close above C$0.035 for two sessions, and (3) news or drill updates to validate momentum.
Final Thoughts
LP.CN stock sits in an oversold position after the intraday slide to C$0.025 on 29 Jan 2026. The trade setup favours short-term mean reversion if volume and a clear catalyst appear. Meyka AI’s model projects C$0.01882 for the year, implying -24.71% from today — a signal that longer-term downside remains possible without positive operational news. For disciplined traders we outline a tactical plan: size positions small, wait for volume confirmation above 150,000 shares, set a stop under C$0.02, and target a conservative bounce to C$0.04. Remember our Meyka grade is C+ (58.39) and reflects mixed fundamentals and sector comparison. Forecasts are model-based projections and not guarantees. We use this data as a short-term trading reference and note Leopard Lake Gold Corp. remains an exploration-stage risk in Canada on the CNQ exchange.
FAQs
What is the current price and recent move for LP.CN stock?
LP.CN stock last traded at C$0.025 after a -16.67% intraday fall on 29 Jan 2026. Volume was about 110,000 shares, below recent averages, highlighting low liquidity and volatile moves.
What does Meyka AI forecast for LP.CN stock?
Meyka AI’s forecast model projects a 1-year level of C$0.01882, implying -24.71% from the current C$0.025 price. Forecasts are model-based projections and not guarantees.
Is LP.CN stock a buy after the oversold move?
LP.CN shows an oversold bounce setup but carries high operational risk. Traders should wait for volume confirmation and a close above C$0.035 before adding. The stock grade from Meyka AI is C+ (HOLD).
What are the key risks for LP.CN stock investors?
Key risks include low cash per share, negative EPS, exploration uncertainty, potential dilution, and thin trading liquidity. Absence of positive drill results or financing news will keep downside risk elevated.
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.
