ACME.CN ACME Lithium Inc. (CNQ) +200% to C$0.09 on 26 Feb 2026: heavy volume
ACME.CN stock surged 200.00% to C$0.09 on 26 Feb 2026 during Canadian market hours on the CNQ exchange as volume spiked to 132,100.00 shares. We see this move as a high-volume, momentum-driven event that outpaced the 50-day average price of C$0.04 and average daily volume of 45,147.00. The jump reflects trader interest and possible short-covering rather than new revenue or operational headlines. We break down price action, liquidity, valuation, catalysts and a model-based forecast to help investors assess risk and opportunity.
ACME.CN stock price action and market context
ACME Lithium Inc. (ACME.CN) opened at C$0.09 and traded a narrow intraday range, closing at the high. The one-day change shows a C$0.06 gain from the previous close of C$0.03, equal to 200.00%. This spike follows a multi-month run where the price rose from a year low of C$0.01 to today’s C$0.09, lifting market cap to CAD 2,339,181.00.
Volume and liquidity: high-volume mover signals
Volume reached 132,100.00, a relative volume of 2.93 versus the 50-day average of 45,147.00, marking heavy retail and speculative trading interest. High relative volume on a small-cap Basic Materials name often precedes volatile intraday swings and quick profit taking.
Fundamentals and valuation: metrics to watch
ACME Lithium’s reported EPS is -0.03 and trailing PE is -3.00, reflecting negative earnings. The price-to-book ratio is 0.24 and current ratio is 2.44, showing a cash buffer versus liabilities. Debt to equity is 0.01, and book value per share is C$0.38, which supports the low share price from a liquidation-value angle.
Meyka AI grade and model summary
Meyka AI rates ACME.CN with a score of 62.52 out of 100 and issues a B / HOLD suggestion. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics and analyst consensus. The company-level rating dataset also notes a dated company rating of C+ (Sell) from a separate model, highlighting mixed signals between short-term momentum and structural fundamentals.
Technicals and trading set-up for ACME.CN stock
The 50-day average price is C$0.04 and the 200-day average is C$0.04, both below current levels, so short-term momentum is strong. On-chain technical indicators are thin or undefined for many oscillators given the penny-stock profile, so traders should use tight stops and monitor order-book depth.
Catalysts, risks and near-term outlook
Catalysts include exploration updates from Clayton Valley and Fish Lake Valley assets and any news on the Cat-Euclid Lake or Shatford Lake option agreements. Key risks are continued negative EPS, low liquidity outside spikes, and the speculative nature of junior lithium explorers in the Basic Materials sector, which is up 22.58% YTD in Canada.
Final Thoughts
Key takeaways: ACME.CN stock is a classic high-volume mover on CNQ with a speculative spike to C$0.09 on 132,100.00 shares. Fundamentals show negative EPS (-0.03) and a small market cap (CAD 2,339,181.00), while book value per share (C$0.38) and low debt provide limited downside support. Meyka AI rates ACME.CN 62.52/100 (B, HOLD), reflecting mixed short-term momentum and weak profitability. Meyka AI’s forecast model projects a base-case near-term target of C$0.12, implying an upside of 33.33% from C$0.09, with a conservative downside scenario to C$0.06 (-33.33%). Forecasts are model-based projections and not guarantees. Given the sharp volume-driven move, we recommend monitoring company updates, volume sustainability and sector flows before adding exposure. As an AI-powered market analysis platform, Meyka AI emphasizes position sizing and risk controls for small-cap explorers.
FAQs
What caused the ACME.CN stock surge today?
The surge was driven by heavy trading volume of 132,100.00 shares and momentum buying. We see trader interest and short-covering as primary drivers rather than a large operational announcement from ACME Lithium Inc.
Is ACME.CN stock a buy after the jump?
Given negative EPS (-0.03) and low market cap, we rate ACME.CN as speculative. Meyka AI assigns a B / HOLD grade and suggests waiting for volume confirmation or substantive company news before buying.
What price targets should investors consider for ACME.CN?
Meyka AI’s model projects a base-case target of C$0.12 (≈33.33% upside) and a conservative downside to C$0.06 (≈-33.33%). These are model projections and not guarantees.
How liquid is ACME.CN stock for trading?
Liquidity is episodic. Today’s volume of 132,100.00 far exceeded the average 45,147.00, but outside spikes, depth is thin. Use limit orders and small sizes to manage execution risk.
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.