Why did WMXCF stock drop 99.5% today?

The sharp drop reflects extreme selling on the PNK quote and low liquidity. The quoted price moved from prior close **$0.000200** to **$0.000001**, likely driven by market orders, thinning bid depth, or a technical exit.

What are the key financial red flags for Wiluna Mining (WMXCF)?

Key red flags include negative EPS **-0.96**, a low current ratio **0.31**, debt to equity **1.88**, and negative free cash flow per share **-0.7081**. These indicators point to funding and liquidity pressure.

What price targets should traders consider for WMXCF stock?

Scenario targets: conservative **$0.00005**, base recovery **$0.00020**, optimistic **$0.00100**. Targets depend on capital actions, market making, or sector improvements and are not guarantees.

Where can I find official company updates for Wiluna Mining?

For official releases visit the company website [Wiluna Mining website](https://www.wilunamining.com.au) and the company Twitter feed [Wiluna on Twitter](https://twitter.com/wilunamining/).

US Stocks

Down 99.5% in market hours: WMXCF Wiluna Mining (PNK) 06 Feb 2026 alert

ByDanny Kontos February 7, 2026

WMXCF stock plunged 99.5% to $0.000001 in market hours on 06 Feb 2026, making Wiluna Mining Corporation Limited one of the session’s top losers on the PNK exchange. Trading volume reached 399,458 shares, far above recent activity. The move follows heavy selling after prior intraday prints showed a previous close of $0.000200. Investors should note this is the United States quoted OTC (PNK) listing, priced in USD, while Wiluna’s operations are in Australia and sit in the Basic Materials gold sector.