SPMT.CN Spearmint CNQ down 33% to C$0.005 on 12 Mar 2026: volume warns

SPMT.CN stock fell sharply in market hours on 12 Mar 2026, sliding 33.33% to C$0.005 as intraday volume surged to 1,013,000 shares. The drop makes Spearmint Resources Inc. (SPMT.CN) one of the top losers on the CNQ during this market session in Canada. The move follows heavy trading versus an average volume of 45,554, and it reflects renewed investor concern about weak liquidity, low cash per share and long-term price averages well above the current quote.

SPMT.CN stock: price action and volume

SPMT.CN stock opened at C$0.005, hit a day high of C$0.0075 and closed the observed session at C$0.005. Volume reached 1,013,000, a relative volume of 22.24x the 50‑day average of 45,554, which signals outsized trading interest. The stock’s one‑day decline of 33.33% and year low of C$0.005 highlight extreme short‑term volatility and thin trading depth on the CNQ exchange.

Fundamentals and valuation for SPMT.CN stock

Spearmint Resources reports market cap C$1,439,145 with 287,829,000 shares outstanding and EPS of -0.01. Key ratios show a negative PE of -0.50, a book value per share of C$0.060622, and PB of 0.08, reflecting a tiny market cap relative to book. The company’s current ratio is 0.22, working capital is -C$265,155, and cash per share is C$0.001634, underscoring liquidity pressure and continued exploration‑stage losses.

Technical snapshot and trading signals for SPMT.CN stock

Short‑term technicals are weak: the 50‑day average price is C$0.1285 and the 200‑day average is C$0.18163, both far above the current price and indicating a broken longer‑term trend. ATR equals C$0.0100, day range is C$0.005–C$0.0075, and basic momentum measures show limited signals given the low trading price. For traders, key intraday support sits at C$0.005 (today’s low) and resistance near C$0.0075.

Sector context and peer comparison for SPMT.CN stock

Spearmint sits in Basic Materials (Industrial Materials). The Basic Materials sector shows broader gains year‑to‑date while Spearmint’s performance is deeply negative, with a one‑year decline benchmarked at -97.50%. Compared with sector averages—PB near 2.50 for larger peers—SPMT.CN’s PB of 0.08 reflects microcap distortion rather than a valuation endorsement. Investors should weigh commodity cycles and lithium exploration prospects at the McGee project against the company’s tiny market position.

Meyka AI grade, risks and analyst view on SPMT.CN stock

Meyka AI rates SPMT.CN with a score out of 100: 59.06 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus. The stock carries high liquidity risk, negative operating cash flow per share of -0.007492, and a current ratio of 0.2238. Short‑term traders face steep downside risk; longer‑term investors require successful exploration results and financing to justify exposure.

Price targets, scenarios and realistic outlook for SPMT.CN stock

We set scenario targets to frame risk: Bear target C$0.002 (down -60.00%), Base target C$0.003 (down -40.00%), Bull target C$0.020 (up 300.00%) if project milestones and financing succeed. These price targets reflect the stock’s tiny free float, historical year high C$0.300, and large gaps between moving averages and spot price. Investors should treat targets as conditional on financing events and exploration updates.

Final Thoughts

SPMT.CN stock is a top loser on CNQ during market hours on 12 Mar 2026, driven by a 33.33% drop to C$0.005 and a volume spike to 1,013,000 shares. Fundamentals show strained liquidity, negative EPS and operating cash flow per share of -0.007492, while 50‑ and 200‑day averages sit at C$0.1285 and C$0.18163 respectively, underlining broken longer‑term momentum. Meyka AI’s forecast model projects C$0.003 as a near‑term base case, implying a -40.00% downside from today’s price; forecasts are model‑based projections and not guarantees. Given the proprietary grade (C+ / HOLD) and high trading volatility, risk‑tolerant investors should await financing clarity or clear exploration catalysts before adding SPMT.CN to a portfolio. For quick reference, company filings and updates are on the Spearmint site and public financial platforms Spearmint Resources website and Financial Modeling Prep, and Meyka AI provides this AI‑powered market analysis platform view to help frame decisions.

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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.