Why did IRIG stock spike to USD 0.05 during market hours?

The spike reflects a trade off an extremely low prior close and almost no volume. Thin liquidity on PNK means small trades produce large percentage moves rather than broad investor demand.

What is Meyka AI’s forecast for IRIG stock?

Meyka AI's model projects a 12-month level near **USD 0.055**, implying about **+10.34%** upside from **USD 0.05**. Forecasts are model-based and not guarantees.

What are the main risks for IRIG stock investors?

Primary risks include extreme liquidity risk, negative book value per share, weak coverage ratios, and dependence on land drilling demand. Small market cap amplifies volatility.

Where can I find official company financials and quotes for IRIG stock?

Use the company’s OTC Markets page for quotes and disclosures and financial data aggregators for filings. See [OTC Markets Overview](https://www.otcmarkets.com/stock/IRIG/overview) for public quotes.

US Stocks

IRIG stock trades at $0.05 on PNK 24 Feb 2026: small-cap energy note to monitor

ByDanny Kontos February 24, 2026

IRIG stock traded at USD 0.05 on the PNK exchange during market hours on 24 Feb 2026, marking an outsized percentage move on extremely low liquidity. The quote shows a +4999900.00% change versus the anomalous prior close and a reported market cap USD 440,496.00. Average daily volume sits at 2,862.00 shares while reported intraday volume was 0.00, underlining the thin trading that drives headline moves. We assess why the energy small-cap moved, how company fundamentals align with the price action, and what Meyka AI’s forecast implies for short-term and medium-term investors.