SPFY.CN Spacefy Inc. CNQ down 50.00% to C$0.005 on 24 Feb 2026: liquidity red flag
SPFY.CN stock fell 50.00% to C$0.005 during market hours on 24 Feb 2026, making it one of today’s top losers on the CNQ in Canada. We saw trade hit a day low of C$0.005 from an open of C$0.010, with 12,284.00 shares trading so far. The move raises immediate liquidity and valuation concerns for Spacefy Inc. (SPFY.CN), a Toronto-based marketplace for creative venues, and forces a fresh look at fundamentals and short-term targets.
SPFY.CN stock: intraday move and volume context
Today Spacefy Inc. (SPFY.CN) traded between C$0.005 and C$0.010 on CNQ. The stock closed down 50.00% during market hours on 24 Feb 2026. Volume of 12,284.00 compares to an average volume of 27,061.00, producing a relative volume of 2.44. This spike signals outsized selling pressure versus typical trading.
SPFY.CN stock: company profile and recent news
Spacefy Inc. operates a marketplace connecting creatives and venue owners in Canada and internationally. The company is listed on CNQ and reports in CAD. There is no recent company earnings release since the 2023 announcement date on public feeds. We find no fresh earnings catalyst tied to today’s abrupt drop. For wider market context, communication services names are up modestly year-to-date, so this move looks idiosyncratic rather than sector-driven.
Valuation and financials for SPFY.CN stock
Key ratios show stressed fundamentals. The quote lists a market cap of 227,293.00 CAD and shares outstanding of 45,458,608.00. Reported PE shows 0.50, while TTM metrics point to a negative TTM PE of -2.75 in some datasets. EPS stands at 0.01 per the public quote. Book value per share is negative at -0.0166. Current ratio is extremely low at 0.02, indicating balance sheet liquidity pressure. These figures explain why investors cut exposure quickly today.
Technicals and liquidity signals for SPFY.CN stock
Short-term technicals show weak momentum. The RSI sits at 42.87, ADX reads 32.36 indicating a strong trend, and ROC is -50.00%. The 50-day average is C$0.0086 and the 200-day average is C$0.0149. On low absolute price stocks, spread and depth matter; bid liquidity is thin. With on‑book volume small, a modest sell order can move price sharply.
Meyka AI grade and model forecast for SPFY.CN stock
Meyka AI rates SPFY.CN with a score out of 100: 60.66 / 100, Grade B, Suggestion HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a one‑year price of C$0.01905, a three‑year median of C$0.02594, and a five‑year median of C$0.03298. From today’s C$0.005, the one‑year model implies about 281.01% upside. Forecasts are model-based projections and not guarantees.
Risks and price targets for SPFY.CN stock
We set concise price scenarios to frame risk. A near-term bear target is C$0.003, implying -40.00% from today’s price. A base recovery target is C$0.010, implying 100.00% upside. The model-driven bull target is C$0.01905, implying 281.01% upside. Risks include very low liquidity, negative book value, weak current ratio, and limited public disclosure. Any new capital raise would dilute holders.
Final Thoughts
SPFY.CN stock is trading as a high-risk micro-cap after the 50.00% intraday fall to C$0.005 on 24 Feb 2026. Low trading volume and a tiny market cap of 227,293.00 CAD amplify price moves. Valuation metrics show a mixed picture: a quoted PE near 0.50 but negative book value and a 0.02 current ratio. Meyka AI’s model projects C$0.01905 in one year, implying 281.01% upside, but this rests on improving liquidity and clearer financial progress. For active traders, the trade-off is clear: deep upside if execution and disclosure improve, or steep losses if funding or revenue momentum falters. We flag liquidity risk first, then fundamentals. Use small position sizing and tight risk controls. Find the Spacefy company page for filings and real-time updates at Spacefy on Meyka. For sector context, see recent communication services coverage on Investing.com analyst notes and investor-day previews at Investing.com. Forecasts are model-based projections and not guarantees. We are not financial advisors.
FAQs
Why did SPFY.CN stock drop 50.00% today?
The drop reflects thin liquidity and a concentrated sell flow. Low market cap and a current ratio of 0.02 magnify price moves. There is no public earnings catalyst to explain the decline, suggesting an idiosyncratic sell event.
What is Meyka AI’s short-term outlook for SPFY.CN stock?
Meyka AI’s model projects C$0.01905 in one year, implying 281.01% upside versus C$0.005 today. This assumes better liquidity and improved financials. Forecasts are projections, not guarantees.
What are the main risks to owning Spacefy Inc. (SPFY.CN)?
Primary risks include very low liquidity, negative book value, weak current ratio, small market cap (227,293.00 CAD), and potential dilution from future financings. These can cause sudden, large price moves.
What price targets should traders watch for SPFY.CN stock?
Key levels: immediate support C$0.005, bear target C$0.003, base recovery C$0.010, and model-driven bull C$0.01905. Risk controls are essential given the stock’s 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.