C$0.015 MIRL.CN Minera IRL (CNQ) 19 Jan 2026: Oversold bounce may offer short-term entry

MIRL.CN stock trades at C$0.015 on the CNQ exchange in Canada and shows an oversold profile that may prompt a short bounce for active traders. The name is Minera IRL Limited, a gold explorer and developer with a market cap of C$3,467,025.00 and volume 1,000 today. Price sits near the year low of C$0.01 and well below the 50-day average of C$0.0156, creating a low-risk entry if volume and news confirm a reversal.

Quick market snapshot for MIRL.CN stock

Minera IRL Limited (MIRL.CN) on CNQ is priced at C$0.015 with no intraday change and a traded volume of 1,000 shares, versus an average volume of 18,098. The share count is 231,135,000 and the company’s EPS is -0.11, producing a negative PE of -0.14, which signals a junior miner under pressure.

Why MIRL.CN looks oversold and primed for a bounce

Price action shows a 6-month decline of -40.00% and a one-year decline of -25.00%, placing MIRL.CN close to support at C$0.01 and oversold relative to its 50-day average. Thin liquidity has exaggerated moves, so a small uptick in volume can produce a sharp bounce back toward short-term resistance.

MIRL.CN stock fundamentals and valuation

Fundamentals are stretched: book value per share is C$0.06857, current ratio 0.07, and debt to equity 7.23, reflecting elevated leverage and weak working capital. Price-to-sales is 0.07 and price-to-book is 0.16, indicating the market values the company at a deep discount to book despite operational and balance-sheet risks.

Technical setup and oversold bounce strategy for MIRL.CN stock

Short traders should watch the 50-day average C$0.0156 and the 200-day average C$0.01798 as immediate resistance levels; a daily close above C$0.018 on higher volume would validate a short-term bounce. Use tight stops below C$0.012 and limit position size because the ATR and RSI readings are unreliable with current micro-volume.

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

Meyka AI rates MIRL.CN with a score of 58.99 out of 100 and assigns a C+ (HOLD) suggestion. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not guarantees or investment advice.

Meyka AI’s forecast and price targets for MIRL.CN stock

Meyka AI’s forecast model projects a near-term bounce target of C$0.025 and a medium-term scenario of C$0.035 versus the current C$0.015. That implies upside of +66.67% to C$0.025 and +133.33% to C$0.035, with downside to the year low at C$0.01 equal to -33.33%. Forecasts are model-based projections and not guarantees.

Final Thoughts

MIRL.CN stock is a high-risk, speculative oversold bounce candidate for traders who accept low liquidity and company-level risk. Key facts: current price C$0.015, 50-day average C$0.0156, EPS -0.11, and market cap C$3,467,025.00. Our short-term setup targets C$0.025 on a volume-confirmed reversal, with a stretch objective at C$0.035 and a protective stop near C$0.012. Catalysts include gold-price moves and any Ollachea project updates. Meyka AI’s model shows a possible +66.67% upside to C$0.025 but also flags a -33.33% downside to C$0.01, making disciplined sizing essential. Readers should confirm live news and volume before trading and consult the Minera IRL company page on Meyka AI for real-time updates.

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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.