Why did MLKM.CN stock surge today?

MLKM.CN stock rose after Mayo Lake released Annual Meeting results and confirmed its 2026 trenching and drilling plans. The company reported contractor talks and mobilization plans, which pushed volume to **129000** and drove the price to **C$0.05**.

What is Meyka AI's rating and forecast for MLKM.CN stock?

Meyka AI rates MLKM.CN **57.59/100 (Grade C+, HOLD)**. The model projects a monthly price of **C$0.03** and a yearly projection of **C$0.00426**, with clear caveats that these are model outputs and not guarantees.

What are the main risks for Mayo Lake Minerals (MLKM.CN)?

Key risks include low cash per share (**C$0.00014**), a weak current ratio (**0.04**), negative EPS, and potential dilution from future financings. Exploration results and financing availability are pivotal to valuation.

What price targets should investors watch for MLKM.CN stock?

Watch a near-term technical resistance at **C$0.06**, a base 12‑month model target of **C$0.03**, a bull case of **C$0.10** on strong drill results, and a bear case near **C$0.01** if financing dilutes shareholders.

CA Stocks

MLKM.CN Mayo Lake (CNQ) +42.86% to C$0.05 Feb 2026: drilling plans lift outlook

ByDanny Kontos February 11, 2026February 11, 2026

MLKM.CN stock jumped 42.86% to C$0.05 in Canadian market hours after Mayo Lake Minerals Inc. (MLKM.CN) confirmed its 2026 trenching and drilling plans and reported annual meeting results. Volume surged to 129000 shares, more than double the average daily volume of 49213. The move reflects renewed investor interest in the Tombstone Gold Belt and near-term catalysts tied to contractor mobilization and permit timelines.