Minera IRL (MIRL.CN CNQ) C$0.015 on 02 Feb 2026: Oversold bounce watch for traders
The MIRL.CN stock is trading at C$0.015 on 02 Feb 2026 during market hours on the CNQ in Canada, setting up an oversold-bounce scenario for short-term traders. Volume was 1,000 shares against an average of 18,098, and the stock sits near its year low of C$0.01. Minera IRL Limited reports negative earnings with EPS -0.11 and a trailing PE of -0.14, underlining weak fundamentals but potential technical rebound opportunities in the gold-linked Basic Materials sector.
MIRL.CN stock: intraday snapshot and price action
Minera IRL Limited (MIRL.CN) opened at C$0.015 and traded between C$0.015 and C$0.015 today, showing no net change versus the previous close of C$0.015. Market cap is C$3,467,025.00 and shares outstanding are 231,135,000. Volume today was light at 1,000 shares, giving a relative volume of 0.06 and leaving the stock vulnerable to volatile moves on small order flow.
Why an oversold bounce is possible for MIRL.CN stock
The stock has declined 40.00% over six months and 25.00% over one year, which creates a setup for a technical rebound if sentiment shifts. Price sits below the 50-day average of C$0.016 and the 200-day average of C$0.018, marking it as oversold versus recent history. In gold-related names, sector rallies can lift small-cap explorers quickly, so a short-term bounce is plausible on positive news or higher metal prices.
Meyka AI rates MIRL.CN with a score out of 100 and technical read
Meyka AI rates MIRL.CN with a score out of 100: 58.91 / 100 (C+) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators are limited by thin trading, but moving averages and average volume suggest weak trend follow-through. Traders should treat the C+ score as a neutral signal, not a buy endorsement.
Fundamentals and valuation for MIRL.CN stock
Minera IRL’s trailing metrics show revenue per share C$0.15, book value per share C$0.07 and a negative ROE of -76.65%. The company carries elevated leverage with a debt-to-equity ratio of 7.23 and a current ratio near 0.07, signaling liquidity stress. Price-to-book sits at 0.16, reflecting market skepticism but also deep undervaluation versus asset book when priced in CAD.
Risks, catalysts and sector context for MIRL.CN stock
Key risks include high debt loads, negative EPS, and low working capital, all of which can limit upside. Catalysts that could trigger a bounce include positive drill results, project permitting updates at Ollachea, or a stronger gold price. The Basic Materials sector posted a strong 6-month gain of 65.40%, which can lift small gold names on momentum rotations.
Trading strategy: practical oversold-bounce plan for MIRL.CN stock
For traders, treat any bounce as a high-risk, short-duration trade. Consider small position sizes, a stop near C$0.01 and a tactical target at C$0.03 to capture a mean-reversion move. Confirm entries with volume above 5,000 shares and a sector uptick. Use limit orders and strict risk controls because low liquidity can cause wide spreads and slippage. See the company profile and recent quotes on Meyka’s stock page for live updates: Meyka MIRL.CN page.
Final Thoughts
Key takeaways for MIRL.CN stock: the market price of C$0.015 on 02 Feb 2026 positions Minera IRL as a highly speculative, illiquid gold explorer with meaningful downside risk but a clear oversold-bounce setup. Meyka AI’s forecast model projects a 12-month base-case target of C$0.03, implying upside of 100.00% versus the current C$0.015, while a downside scenario to the year low of C$0.01 implies -33.33%. Meyka AI’s price view is model-based and not a guarantee. Given weak fundamentals—EPS -0.11, debt-to-equity 7.23, current ratio 0.07—investors should weigh sector momentum and news catalysts before adding exposure. For tactical traders, confirm any bounce with a volume pick-up above 5,000 shares and use tight stops. For longer-term investors, monitor project updates at the Ollachea asset and broader gold price trends. Sources: recent market listings and company data on Investing.com and local quotes show the trading backdrop and comparatives Investing.com compare and company quote overview Investing.com Spain. Meyka AI provides this analysis as an AI-powered market analysis platform; grades and forecasts are informational and not personalized advice.
FAQs
Is MIRL.CN stock a buy after an oversold bounce?
MIRL.CN stock may offer a short-term trade on an oversold bounce, but high debt and low liquidity raise risk. Use small positions, volume confirmation, and a stop near C$0.01. This is not investment advice.
What is Meyka AI’s price forecast for MIRL.CN stock?
Meyka AI’s forecast model projects a 12-month base-case target of C$0.03 for MIRL.CN stock, implying about 100.00% upside versus the current C$0.015. Forecasts are model projections, not guarantees.
What drivers could trigger a bounce in MIRL.CN stock?
A bounce could come from positive drilling results, permitting progress at Ollachea, or a stronger gold price. Volume above 5,000 shares and sector strength increase conviction for a short-term rally.
How risky is trading MIRL.CN stock given its financials?
Trading MIRL.CN stock is high risk due to negative EPS, debt-to-equity of 7.23, and a current ratio of 0.07. Thin liquidity amplifies price swings and 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.