Why did WMXCF stock fall 99.5% on 04 Feb 2026?

The drop reflects a fall from **$0.000200 USD** to **$0.000001 USD**, likely from concentrated selling, low liquidity, and market re-pricing. Volume spiked to **399,458** shares, suggesting forced exits or block trades rather than fundamental news alone

What is the financial risk profile for Wiluna Mining (WMXCF)?

Wiluna shows strained liquidity with a current ratio of **0.31**, negative working capital **-76,392,000 USD**, and EPS **-0.96 USD**. Debt to equity is **1.88**, signalling leverage risk alongside operational losses

What price targets does Meyka offer for WMXCF stock?

Meyka AI presents scenarios: conservative **$0.000010 USD**, base **$0.000500 USD**, and bull **$0.005000 USD**. Meyka AI's forecast model currently projects **$0.00 USD**. These are model projections, not guarantees

Should retail investors buy WMXCF stock now?

Given low liquidity, potential delisting risk, and negative cash flow, WMXCF stock is speculative. Use strict position sizing, confirm tradability on PNK, and wait for clear corporate updates or funding news before buying

US Stocks

WMXCF Wiluna Mining (PNK) down 99.5% on 04 Feb 2026: watch liquidity and delisting risk

ByHuzaifa Zahoor February 4, 2026February 4, 2026

WMXCF stock plunged 99.5% to $0.000001 USD on PNK during market hours on 04 Feb 2026, marking it among the session’s top losers. The move follows a fall from a previous close of $0.000200 USD, with volume spiking to 399,458 shares. This price action signals extreme selling pressure, near-zero market capitalisation, and elevated operational and liquidity risk for Wiluna Mining Corporation Limited (WMXCF). Below we unpack financial ratios, driver scenarios, Meyka AI grade, and short- to medium-term forecasts for WMXCF stock