RED.CN Big Red Mining (CNQ) +16.67% at C$0.14 Jan 2026: watch oversold bounce
We saw RED.CN stock trade up to C$0.14 on Jan 22, 2026 during market hours, a +16.67% intraday move on 275000 shares. The jump follows a low base, a surge in relative volume of 2.48x, and price action around the 50-day average. We open with the facts so traders can judge an oversold bounce setup in real time. This note ties intraday price, volume, fundamentals and Meyka AI model output into a clear short-term view for Canadian-listed Big Red Mining Corp. (CNQ) in CAD.
RED.CN stock intraday snapshot
Most important market facts first: Big Red Mining Corp. (RED.CN) on the CNQ exchange moved from an open of C$0.13 to a high of C$0.145, closing intraday at C$0.14 on Jan 22, 2026. Volume hit 275000 versus an average of 111052, giving a relative volume of 2.48. Day low was C$0.12 and the stock trades well below its year high of C$0.28. Market cap is C$5,265,330.00 and shares outstanding are 37,609,500.
RED.CN stock drivers and news flow
Short-term drivers look technical and micro-cap specific. The intraday lift has no new corporate press release but follows sector momentum in Basic Materials. Macro headlines added risk-off earlier in the week and then rotation back into miners. Keep an eye on broader market catalysts such as swings in risk assets reported by major outlets including rising volatility and trade headlines CNBC coverage. These macro moves can amplify oversold bounces in small explorers. Also watch China and commodity signals via Reuters coverage.
RED.CN stock technicals and valuation
Technically, the move meets classic oversold-bounce traits: low absolute price, strong intraday volume, and a pop above the 50-day average (C$0.13 vs 50-day C$0.13). The 200-day average sits at C$0.15, so the stock is trading marginally below longer-term trend. Key valuation and metrics: EPS -0.02, PE -7.00, PB 6.14, current ratio 4.30, and cash per share C$0.02. These show a junior explorer with limited earnings and a cash buffer but high price/book.
Meyka AI rates RED.CN with a score out of 100 and model view
Meyka AI rates RED.CN with a score out of 100: 64.04 / Grade B — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. For transparency, the quantitative model weights fundamentals, forecasts and sector context.
Meyka AI’s forecast model projects a year‑end price of C$0.24 (model yearly: C$0.2350). Versus the current C$0.14, that implies an upside of 67.96%. Forecasts are model-based projections and not guarantees.
RED.CN stock risks and trade strategy
Risk profile is high. The company is a junior explorer with negative earnings and high volatility. Downside support is at the day low C$0.12 and near recent lows around C$0.01 historically. For an oversold-bounce strategy we recommend small position sizing and tight stops. Consider scaling half-size on an initial pop above C$0.14 and trimming toward resistance at C$0.28 (year high). Watch liquidity and news for sudden gap moves.
RED.CN stock outlook and price targets
Scenario targets: conservative base target C$0.18, optimistic target C$0.30, and bearish stop zone C$0.08. These reflect current volatility, sector tailwinds for copper exposure at the Dobie Lake property, and small‑cap risk. Sector performance remains constructive: Basic Materials year-to-date strength supports speculative rebounds. We will monitor volume confirmation and any corporate updates that change the risk/reward.
Final Thoughts
Key takeaways on RED.CN stock: the intraday +16.67% move to C$0.14 on Jan 22, 2026 came with 275000 shares traded and a 2.48x relative volume, fitting an oversold-bounce setup in a junior exploration name. Fundamentals show EPS -0.02 and PE -7.00, so gains should be treated as speculative. Meyka AI’s forecast model projects C$0.2350 by year-end, implying +67.96% versus C$0.14, but forecasts are not guarantees. Traders using an oversold-bounce strategy should size positions conservatively, use a stop near C$0.12, and set profit-taking around C$0.18–C$0.30. We present this as market analysis, not investment advice, using Meyka AI’s AI-powered market analysis platform for model context.
FAQs
What drove the RED.CN stock jump today?
The move was driven by heavy volume of 275000 shares and a short-term technical rebound above the 50-day average. There was no major company release; sector and macro headlines amplified the bounce.
What is Meyka AI’s forecast for RED.CN stock?
Meyka AI’s forecast model projects C$0.2350 by year-end. That implies about +67.96% from the current C$0.14. Forecasts are model-based projections and not guarantees.
How should traders approach RED.CN stock in an oversold bounce?
Use small position sizes, confirm with volume, place a tight stop near C$0.12, and consider scaling out into resistance. Junior explorers are volatile and require risk controls.
What are the main risks for RED.CN stock?
Key risks are low liquidity, negative earnings, and project execution uncertainty. Price/book is high at 6.14, and a lack of positive cash flow raises downside risk if sentiment fades.
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.
