SPMT.CN Spearmint Resources Inc. CNQ down 33.33% 29 Jan 2026: liquidity risk
SPMT.CN stock plunged 33.33% during market hours on 29 Jan 2026, closing at C$0.005 on the CNQ. The slide followed unusually high intraday volume of 1,013,000 shares versus an average of 45,554, highlighting liquidity-driven moves in this micro‑cap exploration firm. Spearmint Resources Inc. (SPMT.CN) is an exploration-stage company focused on lithium and base metals with a tiny market cap of C$1,439,145 and negative earnings per share of -0.01. Today’s price action reflects severe volatility, weak fundamentals and potential dilution risks that traders and investors must weigh carefully.
SPMT.CN stock: intraday price action and volume
SPMT.CN stock opened at C$0.005 and hit a day high of C$0.0075 before settling at C$0.005, a -33.33% one‑day move. Volume spiked to 1,013,000 shares, about 22.24x its average volume, which suggests short-term selling pressure and low free float sensitivity.
The sharp intraday swing on CNQ is typical for small exploration names where order flow can swing price rapidly. With a year high of C$0.30 and a year low of C$0.005, the stock now trades near its 52‑week low, increasing risks for position holders.
Fundamentals and valuation: why SPMT.CN stock remains stressed
Spearmint Resources Inc. reports an EPS of -0.01 and a price‑to‑earnings ratio of -0.50, reflecting negative earnings and very limited operating scale. Book value per share stands at 0.01 CAD and the price‑to‑book ratio is 0.58, but tangible book value is concentrated in early exploration assets rather than cash‑generating operations.
Key liquidity ratios are weak: current ratio is 0.45, and operating cash flow per share is -0.00 CAD, indicating a reliance on financing rather than internal cash flow. These fundamentals help explain why the market sells first and asks questions later for SPMT.CN stock.
Technical and market context for SPMT.CN stock
Technical indicators are limited for SPMT.CN stock due to thin trading history and data gaps; ATR is 0.01 which matches the stock’s micro price scale. The 50‑day average price is C$0.13 and the 200‑day average is C$0.18, both far above today’s C$0.005, indicating a long downward trend.
Relative to the Basic Materials sector, which has outperformed year‑to‑date, SPMT.CN lags markedly. Sector tailwinds for lithium and critical minerals exist, but SPMT.CN’s micro‑cap structure and funding risk limit its ability to capture sector gains.
Meyka AI stock grade and analyst view on SPMT.CN stock
Meyka AI rates SPMT.CN with a score out of 100: 59.01 / 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’s tiny market cap of C$1,439,145, negative EPS and weak liquidity lower the score, while asset value in the McGee Lithium Clay project supports some upside optionality.
These grades are informational only and not guarantees. Investors should perform independent research and consider dilution and financing risk before acting on SPMT.CN stock.
Catalysts, risks and what to watch in SPMT.CN stock
Short-term catalysts include any technical reports, drilling updates or financing announcements tied to the McGee Lithium Clay project; such news can cause outsized price moves given current low liquidity. Watch for shareholder dilution: shares outstanding are 287,829,000, and the company has historically relied on financing to fund exploration.
Primary risks are further dilution, prolonged negative cash flow, and sector competition for lithium capital. Regulatory, permitting and commodity price swings also affect the long-term outlook for SPMT.CN stock.
Meyka AI’s forecast and realistic price targets for SPMT.CN stock
Meyka AI’s forecast model projects a baseline 12‑month scenario price near C$0.01, roughly +100.00% from today’s C$0.005, under a constructive exploration outcome and no immediate dilution. A downside scenario of C$0.002 implies -60.00% downside if financing pressures increase.
Forecasts are model‑based projections and not guarantees. Given the company’s weak cash position and micro‑cap status, investors should treat any price target as highly conditional on news flow and financing events.
Final Thoughts
SPMT.CN stock finished market hours on 29 Jan 2026 at C$0.005, down 33.33% on outsized volume, underscoring how fragile micro‑cap exploration stocks can be. Fundamentals remain weak: negative EPS of -0.01, a PE of -0.50, and a current ratio of 0.45 point to ongoing funding risk. Meyka AI rates SPMT.CN 59.01 / 100 (C+, HOLD) based on benchmark and sector comparisons, financial growth and key metrics. Our model projects a baseline 12‑month target of C$0.01 (+100.00%) if exploration news is favourable and dilution is avoided, but a downside outcome to C$0.002 is plausible under adverse financing conditions. For traders, the stock’s 22.24x relative volume and tiny market cap make it a high‑volatility candidate best suited for speculative positions with strict risk controls. For longer‑term investors, monitor corporate updates, cash runway and any definitive resource results. Meyka AI provides this as an AI‑powered market analysis platform; forecasts are model outputs and not investment advice.
FAQs
What caused SPMT.CN stock to drop 33.33% on 29 Jan 2026?
The drop was driven by heavy intraday selling and a spike to 1,013,000 shares on CNQ, well above the average of 45,554, highlighting liquidity sensitivity and possible short‑term selling rather than a single fundamental release.
What is the current valuation and key ratios for SPMT.CN stock?
SPMT.CN trades at C$0.005 with market cap C$1,439,145, EPS -0.01, PE -0.50, price/book 0.58, and current ratio 0.45, signalling negative earnings and tight liquidity for this exploration company.
Does Meyka AI expect upside for SPMT.CN stock?
Meyka AI’s forecast model projects a baseline C$0.01 in 12 months (+100.00%) under positive exploration news and no dilution. Forecasts are model‑based projections and not guarantees.
Should I include SPMT.CN stock in a diversified portfolio?
SPMT.CN is a highly speculative micro‑cap exploration stock with significant dilution and liquidity risks. It may suit a small, speculative allocation only after investors accept potential total loss and maintain strict position sizing.
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.
