SHOE.CN Grounded People CNQ up 66.67% on 09 Jan 2026 Market Hours: watch volume
SHOE.CN stock rallied today during market hours on 09 Jan 2026, trading at C$0.15 after a +66.67% intraday move. Volume reached 4,000 shares versus an average of 404, lifting relative volume to 9.90. The move followed no public earnings release, suggesting short-term momentum and liquidity-driven trading in Grounded People Apparel Inc. (SHOE.CN) on the CNQ exchange in Canada. Traders should weigh the spike against thin market cap and negative fundamentals.
SHOE.CN stock intraday move and drivers
Grounded People Apparel Inc. (SHOE.CN) jumped to C$0.15 from a prior close of C$0.09, a +66.67% change on 09 Jan 2026. The advance came with 4,000 shares traded, well above the 404 average, pointing to short-covering or a small-volume breakout. There is no linked earnings announcement, so momentum appears driven by microcap flow and headline attention rather than confirmed fundamental news. Monitor volume and the order book as the next session opens.
SHOE.CN stock valuation and financial snapshot
At C$0.15, market capitalization stands near C$4,121,286.00 with 27,475,240 shares outstanding. Trailing EPS is -0.05 and reported P/E is -3.00, reflecting losses rather than positive earnings. Price-to-sales and cash metrics show stretched valuation for current revenue levels, with price/sales roughly 27.75 and cash per share at 0.00. These ratios underscore that SHOE.CN stock is a speculative microcap with weak liquidity and negative operating cash flow.
SHOE.CN stock technical picture and momentum
Technicals show strong short-term momentum: RSI is 84.11, ADX is 64.30, and the 50-day average is 0.09 versus the 200-day average 0.20. The stock traded between C$0.15 high and C$0.145 low today, inside Bollinger upper 0.18 and middle 0.10 bands. Overbought indicators and a sharp Relative Volume of 9.90 suggest a high-risk, mean-reversion setup for intraday traders. Track stall signs like falling volume or RSI divergence before adding exposure.
Meyka AI rates SHOE.CN with a score out of 100
Meyka AI rates SHOE.CN with a score of 66.48 out of 100, grade B, suggestion: HOLD. This grade factors S&P 500 benchmark comparison, sector and industry performance, financial growth, key metrics, forecasts, analyst signals, and fundamental growth. The rating highlights mixed signals: a microcap with momentum but thin liquidity and negative cash flows. Remember these grades are informational and not financial advice.
Meyka AI forecast and price scenarios for SHOE.CN stock
Meyka AI’s forecast model projects a yearly price of C$0.06 and a monthly level of C$0.08 based on current inputs. Compared with the current C$0.15, the model implies an estimated downside near -59.82% to the yearly projection. Scenario targets: Bear C$0.06, Base C$0.08, Bull C$0.30 — each reflects different liquidity and execution assumptions. Forecasts are model-based projections and not guarantees.
Risks, catalysts and trading strategy for top-gainer setups
Key risks include extreme volatility, low free float, negative operating cash flow, and no near-term analyst coverage. Potential catalysts are social-media interest, distribution deals, or retail restocking that could lift revenue and sentiment. For traders, a short-term plan may use a tight stop-loss near C$0.12 and scale out on strength, while longer-term investors should require clear revenue improvement. Given the thin book, position size should be limited to manage execution risk.
Final Thoughts
SHOE.CN stock produced a notable intraday rally to C$0.15 on 09 Jan 2026, driven by volume spikes and momentum rather than confirmed earnings news. Our analysis shows mixed fundamentals: negative EPS (-0.05), a small market cap (C$4,121,286.00), and stretched valuation metrics that make longer-term upside uncertain. Meyka AI’s forecast projects C$0.06 over the next year, implying roughly -59.82% versus today, while short-term scenarios place a base near C$0.08 and a bull case near C$0.30. Traders drawn to top-gainer setups should prioritise liquidity, use tight risk controls, and watch for reliable revenue or distribution catalysts. Meyka AI, our AI-powered market analysis platform, flags this stock as a momentum play with elevated risk and recommends cautious sizing and active monitoring
FAQs
What drove the SHOE.CN stock jump today?
The rise to C$0.15 on 09 Jan 2026 came with 4,000 shares traded, likely due to momentum and thin liquidity. No formal earnings were announced, so the move looks flow-driven rather than fundamental.
What is Meyka AI’s forecast for SHOE.CN stock?
Meyka AI’s forecast model projects a yearly level of C$0.06 and a monthly level of C$0.08, with the yearly projection implying about -59.82% from the current price.
Should investors buy SHOE.CN stock after this spike?
Given negative EPS, low market cap, and thin liquidity, investors should be cautious. Short-term traders may act on momentum with tight stops; long-term buyers should wait for revenue improvement and clearer catalysts.
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.
