We start with the price: Minera IRL Limited (MIRL.CN, CNQ) trades at C$0.015 on 28 Feb 2026 and fits a classic oversold bounce setup for short-term traders. MIRL.CN stock has a 50-day average of C$0.016 and a 200-day average of C$0.018, with volume at 1,000 versus an average of 18,098 shares. We use price, liquidity, and leverage to frame a cautious bounce trade. Meyka AI’s real-time tools and this note provide targeted triggers, risk controls, and a model-based price forecast for investors considering a small, event-driven position.
Quick facts on MIRL.CN stock
Minera IRL Limited trades on the CNQ exchange in Canada at C$0.015 with a market cap of C$3,467,025.00 and 231,135,000 shares outstanding.
The stock shows a year high of C$0.035 and a year low of C$0.010, 50-day average C$0.016, 200-day average C$0.018, and a one-day volume of 1,000 compared with average volume 18,098.
Why an oversold bounce is plausible for MIRL.CN stock
MIRL.CN stock is deeply discounted relative to its recent trading range: price sits below both the 50-day and 200-day averages, a setup that often triggers short-term mean reversion in small-cap mining names.
The stock has fallen 40.00% over six months and 25.00% over one year, while the broader Basic Materials gold segment has shown positive momentum over recent months. Low current volume increases the chance of sharp moves on modest buying interest, which suits an oversold bounce strategy.
Technical setup and triggers for a bounce
A clean technical trigger would be a daily close above the 50-day average of C$0.016 on volume meaningfully above the recent 1,000 print and ideally above the 18,098 average volume.
Confirming signals include a sustained move above C$0.018 (200-day average) with expanding volume and a follow-through day that keeps intraday lows above C$0.015 to reduce the risk of a false breakout.
Fundamentals and valuation snapshot
On fundamentals, Minera IRL shows EPS of -C$0.11 and a negative PE around -0.14, reflecting losses and a thin equity base.
Key metrics: revenue per share C$0.15, free cash flow per share C$0.08, price-to-book 0.16, debt-to-equity 7.23, and current ratio 0.07. High leverage and a weak current ratio are material risks that can limit upside unless operational or financing news improves liquidity.
Meyka grade and price forecast for MIRL.CN stock
Meyka AI rates MIRL.CN with a score out of 100: 58.96 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst signals.
Meyka AI’s forecast model projects a base near C$0.020, a short-term bounce target of C$0.030, and a stretch target at the year high C$0.035. Compared with the current C$0.015, the model implies a +33.33% upside to the base and +100.00% to the short-term target. Forecasts are model-based projections and not guarantees.
Trading plan and risks for an oversold bounce strategy
A practical entry is partial size on a volume-backed move above C$0.016 with a stop-loss near C$0.011 (about 25.00% below entry) and profit targets at C$0.020 and C$0.030. Position size should be small given low liquidity and high leverage.
Catalysts to watch include operational updates from Minera IRL and sector flows; for the latest market context see Investing – Minera IRL quote and comparative listings at Investing – sector compare.
Final Thoughts
Key takeaways: MIRL.CN stock trades at C$0.015 and presents a defined oversold bounce setup for nimble traders who accept high liquidity and balance-sheet risk. The technical path to a meaningful bounce requires a volume-backed close above C$0.016 (50-day average) and better follow-through past C$0.018 (200-day average). Fundamentals show EPS -C$0.11, a debt-to-equity of 7.23, and a weak current ratio of 0.07, so any long exposure should be size-limited and event-driven.
Meyka AI’s forecast model projects a base target of C$0.020 (+33.33% vs current) and a short-term bounce target of C$0.030 (+100.00% vs current). We note the company’s tight liquidity and high leverage as primary downside risks. Traders using an oversold bounce strategy should set strict stops, monitor volume, and keep exposure small. For real-time updates and the model dashboard visit our Meyka stock page for MIRL.CN at https://meyka.ai/stocks/MIRL.CN. Forecasts are model-based projections and not guarantees.
FAQs
Is MIRL.CN stock a buy after this drop?
MIRL.CN stock may offer short-term bounce opportunities, but high leverage and low liquidity make it a speculative trade. Use strict stops, small position sizes, and wait for volume-backed confirmation above C$0.016 before adding exposure.
What price targets does Meyka report for MIRL.CN stock?
Meyka AI’s model shows a base target of C$0.020 (+33.33%) and a short-term bounce target of C$0.030 (+100.00%). These are model projections and not guarantees.
What are the main risks for MIRL.CN stock traders?
Key risks include very low average volume (18,098 vs current 1,000), debt-to-equity 7.23, negative EPS, and weak current ratio. Any financing or operational setback can wipe out short-term gains.
What technical trigger confirms a bounce in MIRL.CN stock?
A confirmed trigger is a daily close above the 50-day average (about C$0.016) with volume above the 18,098 average and follow-through above C$0.018. Volume expansion is critical to validate the move.
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.
What brings you to Meyka?
Pick what interests you most and we will get you started.
I'm here to read news
Find more articles like this one
I'm here to research stocks
Ask our AI about any stock
I'm here to track my Portfolio
Get daily updates and alerts (coming March 2026)