What is the current price and volume for CVE.TO stock?

On 12 Jan 2026 CVE.TO trades at **C$22.89** with **24,646,500** shares traded intraday, compared with an average volume of **11,299,739** shares. These figures drive its most active status on the TSX today.

How does Cenovus (CVE.TO) compare on valuation?

Cenovus shows a trailing **PE of 13.18** and a market cap of **C$41.32B**, below the Energy sector average PE of **20.07**, indicating relative valuation support for value investors.

What is Meyka AI's grade and forecast for CVE.TO stock?

Meyka AI rates CVE.TO **78.65 / B+ (BUY)**. The model projects a **quarterly target of C$30.51** (+**33.30%** vs C$22.89). Forecasts are model-based projections and not guarantees.

What catalysts should traders watch for CVE.TO?

Watch the **12 Feb 2026** earnings release, WTI crude price moves, and North American refining margins. These drivers tend to move Cenovus shares intraday and across multi-week timeframes.

CA Stocks

CVE.TO at C$22.89 on 12 Jan 2026 TSX: heavy 24.65M volume hints momentum

ByHuzaifa Zahoor January 12, 2026January 12, 2026

CVE.TO stock is among the TSX’s most active names on 12 Jan 2026, trading at C$22.89 intraday with 24,646,500 shares changing hands. The stock is up 0.84% on the session after opening at C$23.50, swinging between C$21.77 and C$23.50. Heavy volume and a 50-day average of C$24.20 point to short-term trader interest while the 200-day average of C$21.27 supports the longer-term technical base. We examine valuation, catalysts, and model forecasts for Cenovus Energy Inc. (CVE.TO) on the TSX