MEAT.CN Modern Plant Based Foods Inc. CNQ up 58.82% on 30 Jan 2026: key drivers
MEAT.CN stock led Canada market hours gains on 30 Jan 2026, rising 58.82% to C$0.135 on the CNQ exchange. The jump came on light volume of 9,111 shares and follows a week of renewed buying interest after the company showed improving cash flow metrics and an updated retail distribution plan. Modern Plant Based Foods Inc. (MEAT.CN) remains a small-cap name at CAD 1,666,936.00 market cap, so price moves can be volatile. We unpack what moved the share price, key ratios, and a short-term forecast for traders
MEAT.CN stock price action and session details
The stock closed the market hours session at C$0.135, up 58.82% from a prior close of C$0.085. Volume of 9,111 was above the 50-day average volume of 6,429, giving the move higher more conviction. The intraday range was tight with a day low and high at C$0.135, reflecting a single-price print during the rally
MEAT.CN stock drivers: news, sector and peers
Modern Plant Based Foods Inc. benefits from renewed interest in the plant-based sector after recent U.S. peer earnings and coverage in the space. Broader sector headlines for plant-based names have trended higher this month, led by consumer demand shifts and distribution wins MarketBeat. Market sentiment for alternative-protein plays likely supported MEAT.CN’s move, alongside company-level updates on retail listings and inventory management
Fundamental snapshot for MEAT.CN stock
Modern Plant Based Foods shows trailing EPS of -0.07 and a trailing PE of -1.93, reflecting recent losses. Revenue per share (TTM) is 0.05 and book value per share is negative at -0.14, indicating the balance sheet remains thin. Current ratio is weak at 0.08, while cash per share is 0.01, which flags short-term liquidity risk for investors
Technical view and trading metrics for MEAT.CN stock
Technicals show neutral momentum with RSI at 50.61 and MACD near zero, suggesting the recent move may need follow-through to sustain. Bollinger bands sit at 0.14/0.09/0.04, putting the price near the upper band. On-chain volume metrics and on-balance volume indicate accumulation, but MFI reads 85.26, marking short-term overbought conditions
Meyka AI grade and forecast for MEAT.CN stock
Meyka AI rates MEAT.CN with a score out of 100: Score 68.86 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of C$0.09 and a quarterly price of C$0.14. Compared to the current price of C$0.135, the quarterly model implies an upside of 3.70%, while the monthly model implies downside of 33.33%. Forecasts are model-based projections and not guarantees
Risks, valuation and catalyst watch for MEAT.CN stock
Key risks include low liquidity, negative earnings, and a weak current ratio that could force dilution or financing events. Price-to-sales is 2.93 and EV/sales (TTM) is 5.96, above many consumer defensive peers, suggesting stretched valuation relative to sales. Watch for formal earnings updates, retail distribution announcements, and any share structure changes as near-term catalysts
Final Thoughts
MEAT.CN stock’s 58.82% surge on 30 Jan 2026 highlights how small-cap, low-liquidity names can move sharply on sector momentum and company updates. Fundamentals remain challenged: EPS -0.07, current ratio 0.08, and negative book value signal financial stress. Meyka AI’s model shows mixed near-term signals with a monthly projection of C$0.09 (down 33.33% vs C$0.135) and a quarterly projection of C$0.14 (up 3.70%). We set a realistic 12-month price target of C$0.20, which implies an upside of 48.15% from C$0.135, but this is speculative given liquidity and earnings risk. Investors should weigh the sector tailwinds against weak cash metrics, monitor upcoming company announcements, and use size-limited positions for risk control. For live quotes and a deeper data view see MEAT.CN on Meyka AI’s platform MEAT.CN on Meyka, and follow sector earnings coverage for broader context MarketWatch. Remember, Meyka AI provides data-driven analysis but not financial advice
FAQs
What drove the MEAT.CN stock jump on 30 Jan 2026?
MEAT.CN stock rose on light-volume buying tied to retail distribution updates and positive sector sentiment. Peer earnings in the plant-based space and short-term accumulation pushed price to C$0.135 during market hours
What is Meyka AI’s grade for MEAT.CN stock and what it means?
Meyka AI rates MEAT.CN with a score out of 100: 68.86 | Grade B | Suggestion: HOLD. The grade factors in benchmarks, sector and financial metrics. It is informational and not investment advice
What are short-term forecasts for MEAT.CN stock?
Meyka AI’s forecast model projects monthly C$0.09 and quarterly C$0.14. Versus the current price C$0.135, that implies short-term downside to monthly and modest upside to quarterly levels. Forecasts are model-based projections
Is MEAT.CN stock a high-risk investment?
Yes. MEAT.CN has low liquidity, negative EPS and weak current ratio. These factors raise dilution and volatility risk. Traders should limit position size and watch company updates closely
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.
