SPMT.CN Spearmint Resources (CNQ) down 33% on 16 Jan 2026: key drivers to watch
SPMT.CN stock dropped 33.33% on 16 Jan 2026 in Canada (CNQ) as intraday volume surged to 1,013,000 shares. The exploration-stage miner Spearmint Resources Inc. (SPMT.CN) opened at CAD 0.005, hit a day high of CAD 0.0075, and closed near the low at CAD 0.005. Investors flagged liquidity stress, a long-term decline versus the 50-day average (CAD 0.13) and 200-day average (CAD 0.18), and the firm’s early-stage McGee Lithium Clay project in Nevada as context for the sell-off. We examine the drivers, valuation ratios, Meyka grading, and a model-based outlook for SPMT.CN stock.
SPMT.CN stock: market move and intraday stats
Today SPMT.CN stock fell 33.33% with reported volume at 1,013,000, well above the average volume of 45,554. The share price moved between CAD 0.005 and CAD 0.0075; previous close was CAD 0.0075. Market cap stands at CAD 1,439,145 with 287,829,000 shares outstanding. The spike in relative volume (relVolume 22.24) shows forced selling or a narrow liquidity event in this micro-cap name.
SPMT.CN stock catalysts: why the price fell
Spearmint Resources is an exploration-stage company focused on lithium and other metals; operational news is thin and no recent earnings updates exist since the 2023 announcement. SPMT.CN stock is sensitive to liquidity swings, dilution risk, and sector sentiment for junior miners. The steep drop today matches a pattern where small float and low free cash make a small trade move the price materially.
SPMT.CN stock: liquidity, valuation and key metrics
Valuation ratios show stress: EPS -0.01, P/E -0.50, and price-to-book 0.58. Cash per share is 0.00055 and book value per share is 0.00856. The company shows negative operating cash flow per share (-0.00074) and a current ratio of 0.45, indicating short-term liquidity strain. Year high was CAD 0.30 and year low is CAD 0.005, underlining the long-term decline compared with the 50-day average CAD 0.1285 and 200-day average CAD 0.18163.
Meyka AI rates SPMT.CN with a score out of 100 and technicals
Meyka AI rates SPMT.CN with a score out of 100: 59 (Grade C+) with a suggestion: HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators show an ATR of 0.01 and erratic liquidity; RSI and MACD data are flat for this micro-cap. Note: these grades are informational and not financial advice.
SPMT.CN stock outlook and analyst considerations
Analysts and investors should watch dilution risk, drill results for the McGee Lithium Clay project, and any financing announcements. Given the market cap and cash metrics, new equity raises would likely cause further short-term dilution. Sector trends for basic materials and lithium remain important, but SPMT.CN stock will track company-specific updates more than broad commodity moves because of its small size.
Final Thoughts
Key takeaways: SPMT.CN stock fell 33.33% on 16 Jan 2026 on heavy volume, reflecting low liquidity and micro-cap sensitivity rather than new published earnings. Fundamentals show negative EPS (-0.01) and weak operating cash flow per share (-0.00074), while price sits near the year low CAD 0.005. Meyka AI’s forecast model projects CAD 0.012 in a 12-month view, implying an upside of 140.00% from the current price of CAD 0.005. Forecasts are model-based projections and not guarantees. Given the company’s exploration-stage profile, investors should expect volatility, possible dilution, and dependency on project news. For more details and live alerts see the company site Spearmint Resources website and the Meyka stock page SPMT.CN on Meyka.
FAQs
Why did SPMT.CN stock fall sharply today?
SPMT.CN stock fell due to a liquidity-driven sell-off. Volume spiked to 1,013,000 shares versus an average of 45,554, pushing the price to CAD 0.005. Small float and lack of fresh operational news amplified the move.
What are the key financial risks for SPMT.CN stock?
Key risks include negative EPS (-0.01), weak cash flow, a low current ratio (0.45), and likely dilution if the company raises capital. These metrics raise short-term liquidity concerns for SPMT.CN stock.
What is Meyka AI’s view and grade for SPMT.CN stock?
Meyka AI rates SPMT.CN 59/100 (C+) with a HOLD suggestion. This grade accounts for benchmark and sector comparison, financial growth, key metrics, and analyst inputs. Grades are informational, not advice.
Does Meyka AI provide a price forecast for SPMT.CN stock?
Yes. Meyka AI’s forecast model projects CAD 0.012 in 12 months, implying 140.00% upside from CAD 0.005. 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.
