SPMT.CN down 33.33% on CNQ 02 Jan 2026: liquidity and outlook warrant caution
The microcap SPMT.CN stock slid 33.33% to C$0.005 on the CNQ exchange in Canada during market hours on 02 Jan 2026, driven by heavy trading of 1,013,000 shares. Spearmint Resources Inc. (SPMT.CN) is an exploration-stage basic materials company with a market cap of C$1,439,145.00 and negative earnings per share of C$-0.01. In this market-hours top losers report we connect the price move to liquidity, valuation metrics (PE -0.50, PB 0.58) and sector context, and give a model-based outlook for traders and longer-term investors.
Price action and volume
SPMT.CN moved from an open of C$0.005 to a day high of C$0.0075 and a day low of C$0.005 as selling dominated; the 1,013,000 share volume is roughly 22.24 times the 45,554 average volume. The intraday decline of 33.33% closed well below the 50-day average price of C$0.129 and the 200-day average of C$0.182, highlighting extreme short-term volatility for this microcap on CNQ.
What likely drove the drop
One clear driver is liquidity stress: a C$0.005 quote with large relative volume tends to amplify small sell orders into large percentage moves. There is no recent company release to explain the move and the last public earnings announcement was on 30 Apr 2023, so market-driven trading and thin order books are the probable cause. Sector flows also matter: Basic Materials has outperformed with a 1-year gain of 76.84%, but thin microcaps like Spearmint Resources Inc. can decouple from sector strength.
Financials and valuation snapshot
Spearmint Resources is exploration-stage with revenue per share TTM of C$0.00 and net income per share TTM of C$-0.01. Key ratios: PE TTM -0.50, PB 0.58, current ratio 0.45 and book value per share C$0.009. Shares outstanding total 287,829,000. These metrics show limited liquidity and negative profitability, typical for early-stage explorers; operating cash flow per share is C$-0.00 and free cash flow per share is C$-0.00.
Technical reading and Meyka grade
Technical indicators are limited by low price data; ATR is C$0.01 and on-chain momentum readings are effectively flat. Meyka AI rates SPMT.CN with a score of 12 out of 100, grade C- and suggestion STRONG SELL. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Analyst outlook and Meyka AI forecast
There is no consensus price target from third-party analysts. Meyka AI’s forecast model projects a 30-day baseline of C$0.008 and a 12-month base case of C$0.020 versus the current price of C$0.005, implying a 12-month upside of about 300.00% in the base case, and a downside scenario to C$0.002 in stress conditions. Forecasts are model-based projections and not guarantees. Traders should weigh the model output against the company’s lack of revenue and thin trading.
Risks and potential opportunities
Risks: extreme liquidity risk, negative earnings, low current ratio (0.45), and concentration risk in exploration assets. Opportunities: if the McGee Lithium Clay project yields positive drill results or strategic financing occurs, substantial re-rating is possible given the low float. Given the market cap of roughly C$1.44 million and the sector’s strength, any material operational update could swing the share price sharply in either direction. For more on company details see the corporate site source.
Final Thoughts
SPMT.CN stock is a clear top loser during market hours on 02 Jan 2026 after a 33.33% decline to C$0.005 on CNQ with volume of 1,013,000 shares. The move reflects microcap illiquidity more than a change in documented company fundamentals; Spearmint Resources Inc. remains an exploration-stage issuer with negative EPS (C$-0.01), PE -0.50 and book value per share of C$0.0086. Meyka AI’s analytics assign a conservative grade (C-, 12/100, STRONG SELL) because of thin trading, weak liquidity ratios and a lack of recent operational news. Our model projects a base-case 12-month target of C$0.020 versus the current C$0.005, an implied upside of about 300.00%, but that outcome depends on positive exploration results or meaningful financing. Given the high volatility, small position sizing and strict risk limits are essential for traders considering SPMT.CN. For company filings and updates see the corporate site source. Meyka AI is cited here as an AI-powered market analysis platform providing model-based insights; forecasts are not guarantees and not investment advice.
FAQs
The drop is primarily liquidity-driven: a thin order book at C$0.005 magnified selling. No new public earnings or operational update explains the decline; heavy volume relative to average amplified price impact.
Meyka AI rates SPMT.CN 12/100 (grade C-, STRONG SELL) citing negative EPS, weak current ratio and thin liquidity. The model offers a base-case 12-month target but flags high risk and volatility.
As an exploration-stage company with negative earnings and thin liquidity, SPMT.CN is speculative. Long-term upside depends on successful exploration or strategic financing; risk management and due diligence are essential.
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.
