CNMC Goldmine (5TP.SI, SES) down 13.25% on 02 Feb 2026 market closed: watch the volume-led reset

The 5TP.SI stock plunged 13.25% to S$1.31 on 02 Feb 2026 as the Singapore Exchange (SES) session closed, trading 16,530,800 shares—about 2.09x average volume. Today’s drop followed a sharp run-up over the past year and coincided with heavy liquidation that pushed the price from yesterday’s S$1.51 close. For investors tracking CNMC Goldmine Holdings Limited (SES: 5TP.SI), the move raises short-term risk but highlights the company’s low debt profile and upcoming earnings on 19 Feb 2026 as potential catalysts

5TP.SI stock: Intraday price action and volume

CNMC Goldmine (5TP.SI) opened at S$1.31 and traded between S$1.24 and S$1.32 before closing at S$1.31 on 02 Feb 2026. The stock lost S$0.20 or 13.25% from the previous close of S$1.51. Volume surged to 16,530,800 shares versus an average of 5,650,944, giving a relative volume of 2.09, a clear sign that today’s move was driven by outsized selling pressure.

5TP.SI stock: What drove the sell-off

The immediate driver appears to be profit-taking after large gains year-over-year (1Y change 384.75%). Traders also reacted to position adjustments ahead of CNMC’s earnings announcement on 19 Feb 2026. Market rotation out of small-cap gold names into defensive themes weighed on the Basic Materials gold group, even though CNMC’s Sokor project and service contracts remain intact.

5TP.SI stock: Valuation and fundamentals

At S$1.31, CNMC carries a reported PE of 20.43 and EPS of S$0.07. Market cap is S$579,563,413.00 with 405,289,100 shares outstanding. The company shows S$0.1216 cash per share and book value per share S$0.2166, with a price-to-book near 7.58, indicating a premium to accounting value. CNMC operates in the Gold industry in Singapore (SES) and benefits from low net debt and strong operating margins, but the high PB and price-to-sales ratios signal a stretched valuation relative to many peers.

5TP.SI stock: Technicals, support and resistance

Short-term indicators show neutral to bearish momentum: RSI 45.29, MACD histogram -0.01, and ADX 15.82 (no strong trend). Key intraday range was S$1.24–S$1.32. Important technical levels: near-term support sits around S$1.00 and resistance near the 50-day average S$1.11 and the year high S$1.57. Daily ATR is S$0.04, so price moves of S$0.10 are significant for this stock on SES.

5TP.SI stock: Meyka AI grade and forecast

Meyka AI rates 5TP.SI with a score out of 100 — 65.47 / 100, Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly S$1.56, quarterly S$2.24, and yearly S$4.83. Versus the current price S$1.31, those imply upside of 19.08%, 71.00%, and 268.60% respectively. Forecasts are model-based projections and not guarantees. For validation and company details see CNMC website and our internal page Meyka stock page.

Final Thoughts

CNMC Goldmine (5TP.SI) closed the SES session on 02 Feb 2026 at S$1.31, down 13.25% on heavy volume. Today’s drop looks like a volume-led reset after large prior gains, not a collapse of fundamentals — CNMC reports low net debt, EPS S$0.07, and healthy operating margins. Valuation is mixed: a reported PE of 20.43 and price-to-book near 7.58 suggest investors are pricing growth and asset value into the share price. From a technical view, key near-term support is S$1.00 and a conservative short-term price target is S$1.00 (implied downside -23.66%). Meyka AI’s model projects S$1.56 in one month (implied +19.08%) and S$4.83 in 12 months (implied +268.60%). These projections highlight asymmetric upside but come with heightened volatility and event risk around earnings on 19 Feb 2026. Traders should weigh the stock’s stretched valuation and the sector’s cyclical swings. Meyka AI’s analysis aims to inform positioning but is not financial advice

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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.