Why did WMXCF fall 99.5% on 02 Jan 2026?

The 99.5% decline to $0.000001 reflects extreme liquidity constraints, a previous close of $0.0002 and thin OTC-style trading on PNK rather than an absolute loss of large market value. Lack of market makers and low float magnified the percentage move.

What are the main financial red flags for Wiluna Mining (WMXCF)?

Key red flags include negative EPS -0.96, current ratio 0.3084, high debt-to-equity 1.87988 and enterprise value of $55,587,000 versus a quoted price that produces no meaningful market cap. These amplify financing and solvency risk.

Does Meyka AI provide a price target for WMXCF?

Meyka AI's forecast model projects a short-term target of $0.000010 compared with the current $0.000001 for an implied +900.00% move; forecasts are model-based projections and not guarantees.

Is WMXCF suitable for long-term investors?

Given poor liquidity, negative earnings and balance sheet strain, WMXCF is generally unsuitable for conservative long-term portfolios. Only highly speculative investors with small position sizes and tolerance for total loss should consider exposure.

US Stocks

WMXCF down 99.5% to $0.000001 on 02 Jan 2026: Top risks and outlook

ByHuzaifa Zahoor January 3, 2026January 3, 2026

We open market hours coverage with WMXCF stock hitting $0.000001 on 02 Jan 2026 after a 99.5% intraday fall from a previous close of $0.0002. The Wiluna Mining Corporation Limited move traded 399,458 shares on PNK (United States) in USD and follows weak fundamentals including EPS of -0.96 and enterprise value reported at $55,587,000. This article examines the price action, financial ratios, trading context, and the key risks that explain why WMXCF ranks among today’s top losers