SPMT.CN Spearmint Resources (CNQ) down 33.33% on 26 Feb 2026: top loser insight
SPMT.CN stock plunged 33.33% during market hours on 26 Feb 2026, falling to CAD 0.005 on the CNQ exchange in Canada. Volume spiked to 1,013,000 shares versus an average of 45,554, signalling heavy selling pressure in the session. We view this move as a classic small-cap miner collapse driven by sector weakness and very low liquidity. Below we summarise the driver, the company metrics, the Meyka AI grade, and practical price targets for short-term traders and longer-term speculators.
SPMT.CN stock: market action and immediate data
SPMT.CN stock traded between CAD 0.005 and CAD 0.008 today on CNQ and closed at CAD 0.005 after a CAD -0.003 move, down 33.33% from the prior close. Market cap sits near CAD 1,439,145 with 287,829,000 shares outstanding. Average price over 50 days is CAD 0.129 and over 200 days is CAD 0.182, showing a long decline. Relative volume at 22.24x indicates outsized flows and limited liquidity during market hours.
SPMT.CN stock: drivers and sector context
The session drop aligns with weaker lithium market sentiment and lower China lithium prices, which pressure junior lithium explorers including Spearmint Resources Inc. The company’s flagship McGee Lithium Clay project is exposed to the lithium cycle, and the February sector note flagged falling prices and fundraisings as headwinds source. Given the Basic Materials sector performance, we see macro and commodity-driven liquidity exits as the main near-term driver.
SPMT.CN stock: valuation, financials and ratios
Spearmint Resources (SPMT.CN) is an exploration-stage miner with negative earnings and limited cash; EPS is CAD -0.01 and PE reads -0.50, reflecting losses. Book value per share is CAD 0.061 and cash per share is CAD 0.002. Current ratio at 0.22 signals tight short-term liquidity. Price-to-book is 0.08, consistent with a distressed market valuation. These metrics point to a high dilution risk and wide valuation gap versus larger Basic Materials peers.
SPMT.CN stock: technicals and Meyka AI grade
Technicals show extreme illiquidity: ATR is CAD 0.010 and common momentum indicators are not reliable at sub-penny levels. Meyka AI rates SPMT.CN with a score out of 100: 59.05 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector and industry comparisons, financial growth, key metrics, forecasts, analyst consensus, and fundamental growth. The company also carries a third-party company rating of C- / Strong Sell, reflecting persistent operating losses and weak coverage.
SPMT.CN stock: price targets, forecast and risk profile
For a microcap explorer, we set near-term reference points rather than firm targets: a conservative downside target is CAD 0.003 (implied -40.00%), a base case target is CAD 0.010 (implied +100.00%), and a bull recovery target is CAD 0.020 (implied +300.00%). Major risks include severe liquidity, potential dilution from financing, and commodity price swings. Catalysts that could lift the stock are positive drill results or clearer lithium demand support.
SPMT.CN stock: trading strategy for top losers
Given today’s top loser status, our short-term trading view is defensive: avoid initiating meaningful long positions without confirmed news or financing clarity. Active traders may look for tightened spreads, lower volume, or a sustained bounce above CAD 0.010 before adding exposure. Long-term speculative buyers should size positions small and expect high volatility and potential share issuance.
Final Thoughts
Key takeaways: SPMT.CN stock plunged 33.33% to CAD 0.005 on 26 Feb 2026 during market hours, driven by weak lithium sentiment and intense selling in a very low-liquidity name. Meyka AI’s forecast model projects CAD 0.015 as a model-based 12-month reference, which represents an implied upside of 200.00% versus the current price of CAD 0.005, but this projection carries high uncertainty. Forecasts are model-based projections and not guarantees. Our view balances a C+ Meyka grade with the real risk of dilution, negative EPS, and a fragile current ratio. For traders, wait for volume normalization and clearer company news; for investors, limit exposure to small, speculative positions and monitor commodity price direction closely. Meyka AI provides this as AI-powered market analysis, not investment advice.
FAQs
Why did SPMT.CN stock fall so steeply today?
SPMT.CN stock slid due to weak lithium market sentiment, heavy session selling, and very low liquidity. Volume spiked to 1,013,000, creating outsized moves in a microcap with thin order books.
What are the main risks for SPMT.CN stock holders?
Primary risks are dilution from capital raises, negative EPS (CAD -0.01), a low current ratio (0.22), and exposure to volatile lithium prices. These combine to raise downside risk for holders.
Does Meyka AI provide a price forecast for SPMT.CN stock?
Yes. Meyka AI’s forecast model projects CAD 0.015 as a 12-month reference, implying 200.00% upside versus CAD 0.005. Forecasts are model-based and not guarantees.
Should I trade SPMT.CN stock after the drop?
We recommend caution. Wait for stabilizing volume and clearer company news before adding exposure. If you trade, size positions small and use tight risk controls given high 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.