WDGY.CN Wedgemount (CNQ) down 50% 23 Feb 2026: test CAD 0.02 support
WDGY.CN stock plunged 50.00% to CAD 0.025 on 23 Feb 2026 during market hours, trading well below its 200-day average. The intraday print came from a session opened at CAD 0.025 after a prior close of CAD 0.05, with reported volume 0 and an average volume of 33,223, highlighting fragile liquidity. Wedgemount Resources Corp. (CNQ) explores copper and gold in British Columbia and sits in the Basic Materials sector in Canada. Meyka AI’s market tools flag this move as a top loser and a liquidity-driven print that needs technical and fundamental follow-up.
Price action and market context for WDGY.CN stock
WDGY.CN stock fell 50.00% to CAD 0.025 from the prior close of CAD 0.05 on 23 Feb 2026, with day low and day high both reported at CAD 0.025. The share count is 66,795,575 and market cap stands at CAD 1,669,889.00, underscoring a microcap profile. Year high is CAD 0.115 and year low is CAD 0.020.
Why the drop matters and liquidity signals
The combination of a -50.00% print and reported volume 0 vs avgVolume 33,223 signals either thin trading or an erratic print that amplified price moves. Low liquidity increases intraday volatility and raises the risk of price spikes that may not reflect fundamental change. For active traders this raises execution risk and for longer-term holders it raises questions about market depth and secondary offerings.
Fundamentals, valuation and Meyka grade for WDGY.CN stock
Wedgemount reports EPS -0.21 and a trailing PE of -0.12, with price averages 50-day: CAD 0.0283 and 200-day: CAD 0.05158. Balance-sheet metrics show book value per share -0.15081 and cash per share 0.00299, reflecting limited liquidity on the balance sheet. Meyka AI rates WDGY.CN with a score of 65.41 out of 100, Grade B, Suggestion: HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus.
Technical picture and trading metrics
Short-term indicators are mixed: RSI 46.76 and ADX 23.44 suggest no clear trend bias. Bollinger Bands sit at Upper 0.05, Middle 0.03, Lower 0.01, which places the current print near the lower band. The 50-day average CAD 0.02830 is above the intraday price and the 200-day average CAD 0.05158 is far higher, reinforcing a downtrend bias on longer time frames.
News flow and comparables
There is no company press release tied to the intraday drop in public filings; recent comparator screens include listings where WDGY appears among small cap precious metals peers. See market comparator pages: Investing – SI Resources compare and Investing – Gen III compare. Low coverage and sparse news coverage keep WDGY.CN subject to peer trading moves.
Outlook, price targets and WDGY.CN stock forecast
Meyka AI’s forecast model projects a monthly target of CAD 0.04000, a quarterly target of CAD 0.01000, and a yearly projection of CAD 0.01668. Relative to the current CAD 0.025, that implies a near-term upside of 60.00% to the monthly target, a downside of 60.00% to the quarterly target, and a downside of 33.28% to the yearly projection. Forecasts are model-based projections and not guarantees.
Final Thoughts
WDGY.CN stock’s 50.00% intraday drop to CAD 0.025 on 23 Feb 2026 is driven more by thin liquidity and microcap dynamics than by a clear public fundamental shock. Key technical support sits near CAD 0.020, with resistance near yesterday’s close CAD 0.05 and the 50-day average CAD 0.02830. Meyka AI’s forecast model projects a monthly level at CAD 0.04000 and a yearly projection at CAD 0.01668, which implies a mixed path and a -33.28% difference versus today’s price. Investors should weigh the firm’s negative EPS -0.21, low cash per share 0.00299, and limited coverage before adding exposure. For traders the immediate setup is speculative: tight stop placement is essential; for longer-term investors the primary questions remain funding, exploration catalysts, and clearer analyst coverage. Meyka AI’s tools flag WDGY.CN for follow-up alerts but do not replace full due diligence.
FAQs
What caused the sudden drop in WDGY.CN stock on 23 Feb 2026?
The intraday fall to CAD 0.025 appears driven by thin liquidity and erratic trading prints rather than a publicized fundamental event. Reported volume was 0 while average volume is 33,223, increasing volatility and execution risk.
What are realistic near-term price levels to watch for WDGY.CN stock?
Near-term technical support is CAD 0.020 and immediate resistance is CAD 0.050. Meyka AI’s monthly model target is CAD 0.04000, but liquidity and funding risks make these levels highly tentative.
How does Meyka AI rate WDGY.CN and what does it mean?
Meyka AI rates WDGY.CN 65.41/100 (Grade B, Suggestion: HOLD). The grade factors S&P 500 and sector comparison, growth, metrics, forecasts and analyst inputs. It is informational and not investment advice.
Is WDGY.CN stock a buy after this drop?
This is speculative. The company shows EPS -0.21, low cash per share 0.00299, and limited liquidity. Only risk-tolerant investors who accept high volatility should consider exposure after added due diligence.
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.