What caused the MMET.CN stock surge today?

The surge to C$0.63 (+34.04%) was driven by heavy volume (861,505) and renewed interest in Miata Metals’ exploration projects. No formal earnings release was cited; market reaction was tied to catalyst‑sensitive junior explorer flows and sector momentum in Basic Materials.

What is Meyka AI’s forecast and price target for MMET.CN stock?

Meyka AI's forecast model projects a 12‑month price of C$1.01 for MMET.CN stock, implying about 60.70% upside from C$0.63. The platform lists conservative C$0.90, base C$1.01, and bull C$1.50 targets. Forecasts are model‑based and not guarantees.

What are the main risks of investing in MMET.CN stock?

Key risks include negative profitability (EPS -0.19), dilution from financing, no operating revenue, and high sensitivity to exploration results. Low market cap (C$43.93M) and thin liquidity can amplify price swings, so manage position size and monitor announcements.

CA Stocks

MMET.CN Miata Metals CNQ up 34.04% to C$0.63 03 Feb 2026: catalysts ahead

ByDanny Kontos February 4, 2026

Miata Metals Corp. (MMET.CN) surged 34.04% to C$0.63 on 03 Feb 2026 during Canada (CNQ) market hours, driven by a volume spike at 861,505 shares versus an average of 243,755. The move put the stock above its 50‑day average of C$0.48 and pushed intraday high to C$0.69. Investors reacted to exploration updates and stronger sector flows for Basic Materials; Meyka AI, our AI‑powered market analysis platform, flagged the trade as a top gainer for the session and notes the stock is trading well above its recent averages.