C$0.48 on CNQ 23 Feb 2026: SUPR.CN Supernova Metals oversold bounce with 25% upside
SUPR.CN stock trades at C$0.48 on the CNQ during market hours on 23 Feb 2026, marking a short-term oversold bounce setup after recent profit taking. Volume is thin at 2,504 shares versus a 50-day average of 15,078, which makes intraday moves amplified. The company, Supernova Metals Corp., operates in Canada’s Basic Materials sector and holds lithium and silver-gold assets. For active traders the combination of low liquidity, tight price range and a clear support band near C$0.48 creates a defined risk-reward for a quick bounce trade.
Price action and intraday context for SUPR.CN stock
SUPR.CN stock is unchanged at C$0.48 with a day low and high at C$0.48, showing a tight trading range in market hours. The 50-day average price is C$0.45 and the 200-day average is C$0.26, which indicates the stock has outperformed its longer-term trend but stalled near resistance at C$0.56 (year high).
Low relative volume (relVolume ~0.17) and a float-driven market cap of C$15,606,720.00 mean small buy orders can trigger short-term bounces. Traders should note shares outstanding of 32,514,000.00 when sizing positions.
Fundamentals and valuation of Supernova Metals Corp. (SUPR.CN) on CNQ
Supernova Metals Corp. shows exploratory-stage metrics rather than production cash flow. Key figures: EPS -0.04, reported PE of -12.00, cash per share C$0.64, and book value per share C$26.82. The company owns the Lac Saint Simon lithium property in Quebec and an option on Cold Springs silver-gold in Nevada.
These fundamentals support a high-risk, exploration-style profile. Price-to-book is 0.02, reflecting asset-heavy balance sheet values versus market valuation.
Technical analysis, oversold bounce setup and Meyka stock grade
Price sits on a short-term support band at C$0.48, creating a measurable stop-loss point for bounce trades. The 50-day average of C$0.45 offers nearby resistance-turned-support, while the year high is C$0.56. Momentum indicators are muted due to low volume, which increases volatility risk but preserves quick bounce potential.
Meyka AI rates SUPR.CN with a score out of 100: 59.56 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and are not financial advice.
Catalysts, sector context and key risks for SUPR.CN stock
Catalysts include drill results from lithium or silver-gold targets, option-agreement milestones, or resource upgrades; any positive news tends to move the stock quickly given the low float. The Basic Materials sector has outperformed year-to-date with a 19.00% YTD gain, which can lift explorers on positive commodity sentiment.
Risks are high: thin liquidity, negative EPS, a company-level rating of D+ from one provider, and limited operating history. Volatility and binary drill outcomes mean position sizing and strict stops are essential.
Trading plan for an oversold bounce on SUPR.CN stock
A defined bounce trade: enter near C$0.48 with a stop below C$0.45 and a first target at C$0.60 (Meyka AI near-term forecast) and a second target at C$0.80 if volume confirms. Keep risk per trade under 2.00% of portfolio capital and watch average daily volume of 15,078 for pickup.
Use limit orders and scale out: sell 50% at the first target and trail stops on the remainder. If volume fails to pick up on a bounce, exit to limit downside.
Analyst view, forecasts and price targets for SUPR.CN stock
Third-party rating data shows a D+ company rating and a conservative market view. Meyka AI’s forecast model projects a 12-month target of C$0.60, which is an implied upside of 25.00% from C$0.48. Longer-term model outputs show C$1.31 at five years under a growth scenario.
Forecasts are model-based projections and not guarantees. Watch company releases and drill updates for re-rating triggers.
Final Thoughts
Key takeaways for SUPR.CN stock on CNQ: the stock trades at C$0.48 on 23 Feb 2026 and presents a short-term oversold bounce setup driven by low liquidity and a clear support band. Fundamentals show negative EPS (-0.04) and a thin market cap (C$15,606,720.00), which keeps risk high. Meyka AI’s forecast model projects a near-term target of C$0.60, implying 25.00% upside from today’s price. For traders, a disciplined plan with an entry near C$0.48, a tight stop below C$0.45, and scaled exits at C$0.60 and C$0.80 balances the opportunity-to-risk profile. Remember that Supernova Metals is an exploration play in Canada’s Basic Materials sector; outcomes hinge on binary mineral results and liquidity. Use position sizing and confirm bounces with rising volume. For more details visit the company site Supernova Metals Corp. website or our coverage on Meyka stock page for SUPR.CN. Forecasts are model-based projections and not guarantees.
FAQs
Is SUPR.CN stock a buy today?
SUPR.CN stock shows a tactical oversold bounce setup at C$0.48, but fundamentals and liquidity make it high risk. Meyka AI’s grade is C+ (HOLD). Active traders may buy with strict stops; long-term investors should wait for clearer resource news.
What price targets exist for SUPR.CN stock?
Meyka AI’s near-term forecast for SUPR.CN stock is C$0.60 (implied upside 25.00%). A bullish five-year model shows C$1.31. These are model projections and not guarantees.
What are the main risks for SUPR.CN stock?
SUPR.CN stock risks include thin liquidity, negative EPS (-0.04), dependence on exploration outcomes, and volatile trading. A D+ third-party rating highlights valuation and profitability concerns.
How should traders size positions in SUPR.CN stock?
Size positions small due to thin volume and binary outcomes. Limit risk to about 1–2% of portfolio per trade, use a stop below C$0.45, and scale out at C$0.60 to manage volatility.
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.