RMES.CN Red Metal Resources Ltd. (CNQ) down 24.00% 26 Feb 2026: catalyst watch

RMES.CN stock dropped -24.00% to C$0.095 during Canada market hours on 26 Feb 2026, making Red Metal Resources Ltd. one of today’s top losers. Trading volume hit 132000.00 versus a 50-day average of 169065.00, signalling heavy selling pressure. The move follows thin liquidity and mixed exploration updates from the company. We break down what drove the selloff, how fundamentals look, and scenario price targets to watch as drilling and cash-position news arrive.