Down 33.33%: SPIR.CN Spirit Blockchain Capital (CNQ) 09 Jan 2026 liquidity watch
SPIR.CN stock plunged 33.33% to C$0.01 on the CNQ during market hours on 09 Jan 2026. Spirit Blockchain Capital Inc. (SPIR.CN) moved from an open of C$0.015 to a day low of C$0.01 as volume surged to 782096.00 shares. The drop follows steep year-to-date weakness and a wide gap below the 50-day average price of C$0.02 and 200-day average of C$0.04. Traders cited thin cash reserves, negative EPS of -0.10, and acute liquidity questions for the sell-off.
SPIR.CN stock intraday move and volume
SPIR.CN stock fell 33.33% on CNQ to C$0.01 on 09 Jan 2026. Volume spiked to 782096.00 shares versus an average of 175367.00, indicating outsized selling pressure. The market cap sits at 2361720.00 CAD, keeping the company micro-cap and sensitive to block trades. The price is now at the year low of C$0.01, down from a year high of C$0.31.
Financial snapshot, valuation and ratios
Spirit Blockchain Capital shows negative earnings and tight liquidity. EPS is -0.10 and PE reads -0.15, reflecting losses. The current ratio is 0.32, and cash per share is 0.00 CAD. Book value per share is negative at -0.01. These metrics point to capital strain and valuation risk for CNQ-listed investors.
Technical profile and sector context for SPIR.CN stock
Technicals show an RSI near 50.11 and ADX at 37.43, signalling a strong trend. The 50-day price average is C$0.02, and the 200-day is C$0.04, both above the current price. Sector peers in Financial Services trade with stronger liquidity and higher average ROE. Communication and blockchain-related equities outperformed year-to-date, leaving SPIR.CN behind.
Meyka AI grade and model forecast
Meyka AI rates SPIR.CN with a score out of 100: 38/100, Grade C- (SELL). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The company rating from public data also shows a C rating and a sell recommendation dated 2025-02-28. Meyka AI’s forecast model projects a yearly target of C$0.084 versus the current C$0.01, implying an upside of 740.00%, if model assumptions hold. Forecasts are model-based projections and not guarantees.
Risks, catalysts and price targets
Key risks include negative cash flow, volatile crypto exposure, and a low current ratio. Catalysts would be asset sales, a capital raise, or stronger staking revenue. We present a short-term price target of C$0.02 and a recovery scenario target of C$0.084 over 12 months. Price targets assume dilution risk and successful execution on treasury management.
Trading notes and investor considerations
SPIR.CN stock shows low market depth on CNQ and large percentage moves on small orders. Average volume is 175367.00, but recent spikes can push price extremes. Institutional coverage is limited. For traders, use limit orders and tight risk controls. For investors, demand clear financing or revenue improvement before increasing exposure.
Final Thoughts
SPIR.CN stock is trading at C$0.01 on CNQ after a sharp intraday decline of 33.33% on 09 Jan 2026. The firm reports EPS of -0.10, a current ratio of 0.32, and negative book value per share, which together signal funding stress. Trading volume rose to 782096.00, far above the 50-day average, confirming heavy sell-side interest. Meyka AI’s model projects a yearly scenario at C$0.084, implying a theoretical upside of 740.00% from the current price. That projection assumes no major dilution and successful execution on crypto-asset strategies. Given thin liquidity, negative cash flows, and sector peers with healthier fundamentals, our grade remains cautious. Short-term traders should expect volatility and use strict stop-losses. Long-term investors need clear evidence of funding or asset monetization before repositioning. For reference and filings, see the company website and profile below for the latest announcements.
FAQs
Why did SPIR.CN stock drop sharply today?
SPIR.CN stock fell due to thin liquidity, a large sell order, and weak fundamentals. Volume jumped to 782096.00 and the stock hit C$0.01, highlighting market sensitivity to negative news and financing concerns.
What is Meyka AI’s forecast for SPIR.CN stock?
Meyka AI’s forecast model projects a yearly price of C$0.084, implying a 740.00% upside from C$0.01. Forecasts are model-based projections and not guarantees.
Is SPIR.CN a buy after this decline?
Given negative EPS, a current ratio of 0.32, and low market cap, Meyka AI assigns a cautious C- grade and suggests SELL on risk-adjusted grounds. Investors should wait for capital improvement.
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.
