WMXCF down 99.5% to $0.000001 on 02 Jan 2026: Top risks and outlook
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
Market move and price action
WMXCF (Wiluna Mining Corporation Limited) fell 99.5% to $0.000001 on 02 Jan 2026 during market hours, with volume at 399,458 and a prior close of $0.0002. The sudden drop accounts for the stock’s one-day change of -99.5% and leaves the reported day high and low at $0.000001. Trading on the PNK exchange in the United States, the stock’s tiny quote and large percentage move reflect severe liquidity stress and price compression rather than large absolute value changing hands.
Company fundamentals and valuation
Wiluna Mining Corporation Limited is an Australian gold exploration and development company; the profile lists the Matilda-Wiluna property and CEO Michael Monaghan. Key metrics show EPS -0.96, book value per share $0.20148, cash per share $0.08966, debt to equity 1.87988 and enterprise value $55,587,000. Price multiples are effectively meaningless at the quoted price (reported PE ~ -0.00000104) and market cap is listed as 0, indicating data and liquidity issues that impair standard valuation methods.
Trading context and technicals
On the technical and trading front, WMXCF reports no valid 50- or 200-day average and zero market cap, signaling OTC/PNK thin trading conditions. The stock’s average volume is not provided and the one-day volatility shows extreme percentage moves; this supports classifying WMXCF among today’s top losers. For active traders, the lack of reliable technical indicators and wide bid-ask spreads increase execution risk.
Meyka AI grade and analyst framing
Meyka AI rates WMXCF with a score of 28 out of 100, grade D (SELL). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The low score reflects negative EPS, high leverage (debt to equity 1.87988), weak current ratio 0.3084, and thin USD trading on PNK. These grades are not guarantees and we are not financial advisors.
Risks, catalysts and sector context
Primary risks include extreme liquidity constraints, continued corporate losses, and the company’s exposure to the gold sector where project economics and financing conditions drive outcomes. Catalysts that could change the picture include successful project financing, resource upgrades at Matilda-Wiluna, or corporate transactions, but each would need credible disclosure to restore investor confidence in a USD-quoted PNK listing.
Price targets and realistic scenarios
Given the current quote, consensus price targets are not available. Short-term scenarios range from continued sub-penny trading to modest recovery if financing or asset sales occur. For context, Wiluna’s book value per share of $0.20148 implies theoretical upside if shares were fairly tradable at book, but that is unlikely without structural recovery. Use conservative position sizing given high downside risk.
Final Thoughts
Key takeaways for WMXCF stock: the PNK-listed Wiluna Mining Corporation Limited quote collapsed 99.5% to $0.000001 on 02 Jan 2026 with volume 399,458, reflecting severe liquidity and valuation stress rather than meaningful market capitalisation. Financials show EPS -0.96, enterprise value $55,587,000 and debt to equity 1.87988, which underpin Meyka AI’s cautious view. Meyka AI’s forecast model projects a short-term baseline target of $0.000010 versus the current price $0.000001, implying an implied upside of +900.00% from the present quote; forecasts are model-based projections and not guarantees. Given weak operating metrics, lack of reliable trading averages and the stock’s OTC-style behaviour on PNK (United States) in USD, investors should treat WMXCF as high risk. Meyka AI, an AI-powered market analysis platform, recommends heavy due diligence and limited sizing for speculative exposure.
FAQs
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.
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.
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.
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.
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.
