SIZE.NE up 16.67% on volume spike 02 Jan 2026 (Market hours): watch Greenland plans
A sharp intraday move led SIZE.NE, Major Precious Metals Corp., higher on 02 Jan 2026 as the share price rose to CAD 0.035, a gain of 16.67% on heavy volume during NEO market hours. The volume surge to 494,426 shares dwarfed the 1,434 average and pushed relative volume to 344.79x, signalling outsized trading interest. We break down the trading spike, link it to Greenland exploration plans and sector flows, and outline the valuation and risks for investors monitoring this junior explorer in Canada’s Basic Materials sector.
Trading snapshot and volume spike
SIZE.NE traded between CAD 0.030 and CAD 0.035 on 02 Jan 2026 with an intraday close at CAD 0.035, up CAD 0.005 or 16.67%. Volume reached 494,426 shares versus an average of 1,434, generating a relative volume of 344.79x. Market cap sits at CAD 7,902,195 with 225,776,999 shares outstanding. The spike meets our volume_spike strategy criteria: price strength on outsized liquidity during market hours.
Drivers: exploration news and sector flows
Major Precious Metals Corp. focuses on Greenland’s Skaergaard project and is a junior explorer for gold, palladium and other metals. The trading lift coincides with renewed investor interest in metals and junior explorers in the Basic Materials sector, where gold and precious metals themes have outperformed peers. While no company press release appeared at time of the spike, market participants often trade on speculation around upcoming drill plans or private financing for juniors; we note sector headlines and macro flows can amplify small-cap moves (Reuters, Yahoo Finance).
Fundamentals and valuation
Major Precious Metals reports EPS of -0.111 and a negative PE, recorded at approximately -0.32, reflecting a pre-revenue junior explorer profile. Book value per share is negative at about -0.024. Cash per share is C$0.000, and the company shows very low current ratio near 0.008. These metrics highlight capital constraints common in early-stage explorers and a reliance on equity raises or partner funding to advance drilling.
Meyka grade and technical liquidity read
Meyka AI rates SIZE.NE with a score out of 100: Score: 61.81 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. On technicals the 50-day and 200-day averages are both CAD 0.031, so the intraday high CAD 0.035 sits modestly above trend. Liquidity improved materially today but remains episodic for retail traders.
Risks and catalysts to watch
Primary risks include dilution from financing, the company’s negative operating cash flow, and the speculative nature of Greenland exploration. Key catalysts that would validate higher valuation are confirmed drill results, farm-in or JV announcements, and successful private placements. Watch financing timelines closely since current cash per share is roughly C$0.0004 and working capital is constrained.
Sector context and comparative metrics
Within the Basic Materials sector, larger gold and precious metals peers show stronger fundamentals and deeper liquidity; sector average PE and PB are materially higher. SIZE.NE’s enterprise value is elevated versus its tiny market cap, and debt-to-market-cap is about 1.17, underscoring leverage from liabilities. Relative to the sector, SIZE.NE reads as a high-risk, high-volatility junior with event-driven upside.
Final Thoughts
Key takeaways: SIZE.NE (Major Precious Metals Corp.) moved higher during NEO market hours on 02 Jan 2026 with a 16.67% price gain to CAD 0.035 and a volume spike to 494,426 shares — roughly 344.79x the average. The move looks event-driven and speculative, tied to exploration interest in the Skaergaard project and sector momentum. Fundamentals remain early-stage: EPS -0.111, negative book value per share near -0.024 and constrained liquidity. Meyka AI’s forecast model projects a 12-month base-case target of CAD 0.060, implying upside of 71.43% versus the current CAD 0.035; upside assumes positive drilling news or a financing that preserves shareholder value. Forecasts are model-based projections and not guarantees. Given the grade of B (61.81) and the high dilution risk for juniors, an evidence-led approach is prudent: watch confirmed drill results, funding terms and any JV activity before upgrading exposure. Meyka AI provides this as an AI-powered market analysis platform insight to help frame your research.
FAQs
The spike to 494,426 shares (344.79x average) appears driven by exploration interest and sector flows. No formal press release was posted; traders often price in expected drill plans, financing or partner news for juniors.
Meyka AI rates SIZE.NE with a score out of 100: 61.81 | Grade B | Suggestion: HOLD. The grade combines benchmark and sector comparisons, financials and analyst signals. It is informational and not investment advice.
Key risks include negative EPS (-0.111), limited cash per share (C$0.0004), a low current ratio (~0.008) and potential dilution from financing to fund exploration and drilling.
Meyka AI’s forecast model projects a 12-month base target of CAD 0.060 versus the current CAD 0.035, implying upside of about 71.43%. Forecasts are model-based projections and not guarantees.
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.
