ACME Lithium (ACME.CN CNQ) jumps to C$0.09 on 24 Feb 2026: liquidity test ahead
ACME.CN stock rallied on high volume, trading at C$0.09 on 24 Feb 2026 after a jump from the prior close of C$0.03. Volume hit 132,100 shares, nearly three times the 50-day average of 45,147, signaling heavy intraday interest. The move arrives with mixed fundamentals: negative EPS of -0.03 and a price-to-book of 0.24, but a current ratio of 2.44 that shows short-term liquidity. We use this high-volume spike to connect recent trading to fundamentals, Meyka AI grade, and a model-based 12-month outlook for ACME Lithium Inc. (ACME.CN) on the CNQ in Canada.
Price action and volume: ACME.CN stock shows a clear spike
Today ACME Lithium Inc. (ACME.CN) traded at C$0.09, up 200.00% from the previous close of C$0.03. Volume of 132,100 shares gave a relative volume of 2.93, which confirms this is a genuine liquidity event rather than a thin tape tick. The stock’s 50-day average price is C$0.04, so today’s price is materially above short-term averages. Traders should treat the move as an entry or exit signal driven by flows, not by reported revenue changes.
Fundamentals snapshot: balance sheet and key metrics
ACME Lithium’s market cap stands at C$2,339,181.00 with 25,990,900 shares outstanding. Trailing metrics show EPS -0.03, PE -3.00, and PB 0.24, reflecting a company still in the exploration stage. Cash per share is C$0.02 and the current ratio is 2.44, which supports short-term funding. The company reports no revenue per share TTM and has limited operating cash flow, so fundamentals remain speculative.
Technical and trading context for ACME.CN stock
Technicals are thin: today’s range was C$0.09 to C$0.09, and average daily volume is 45,147 shares. The 50-day price average is C$0.04 and the 200-day average is C$0.04, indicating recent strength versus historical trade. Price momentum is driven by volume rather than established indicators, so stop management and position sizing are critical for traders. Expect wide intraday swings and limited reliable oscillator signals.
Meyka AI grade and analyst context
Meyka AI rates ACME.CN with a score of 62.37 out of 100 and assigns a grade B (HOLD). This grade factors in S&P 500 comparison, sector and industry peers, financial growth, key metrics and analyst consensus. The rating calls out strong book value per share of C$0.38 but weak profitability metrics. These grades are informational and not investment advice.
Catalysts, risks and sector view for ACME.CN stock
Key catalysts include drill results from Clayton Valley claims and any JV or offtake news that could re-rate the stock. Major risks are continued negative EPS, minimal revenue, and low liquidity outside spikes. ACME operates in the Basic Materials sector in Canada, which has seen a 3-month outperformance of 32.45% for the sector; commodities trends could help or hurt sentiment.
Valuation and price targets: what traders are watching
Relative valuation shows a low PB of 0.24, but negative earnings make classic multiples unreliable. Short-term traders may look to intraday resistance near C$0.09 and a first support near C$0.03. For planning, we suggest a phased approach to targets and stops based on news flow and volume confirmation.
Final Thoughts
Meyka AI’s forecast model projects a 12-month central target of C$0.15, which implies an upside of 66.67% versus the current price of C$0.09. This projection is model-based and not a guarantee. The recent volume surge to 132,100 shares flagged ACME.CN stock as a high-volume mover on the CNQ in Canada, driven by speculative momentum rather than revenue or earnings improvement. Our view: traders should treat today’s jump as an opportunity to reassess risk, use tight position sizing, and await confirmation from exploration updates or partnerships. For longer-term investors, the Meyka grade B (HOLD) and the weak EPS -0.03 argue for cautious exposure only after clearer catalysts. Sources for company details include the issuer’s site ACME Lithium and the Meyka stock page for live metrics ACME.CN on Meyka. Forecasts are model-based projections and not guarantees.
FAQs
Why did ACME.CN stock jump today?
ACME.CN stock jumped due to a volume surge to 132,100 shares, far above the average of 45,147. The move looks flow-driven and likely tied to speculative interest or news flow. No earnings beat occurred; fundamentals remain unchanged.
What is Meyka AI’s grade for ACME.CN stock?
Meyka AI rates ACME.CN with a score of 62.37/100 and a grade B (HOLD). The grade accounts for benchmark and sector comparisons, growth metrics, analyst context and key financial ratios.
What is the short-term price outlook for ACME.CN stock?
Short-term outlook is volatile. Expect resistance near C$0.09 and support near C$0.03. Use strict risk limits and watch exploration or partnership news for confirmation before adding positions.
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.