ANX.AX Anax Metals (ASX) up 34.62% to A$0.035: watch for A$0.04 test
ANX.AX stock is trading as a top gainer intraday after a 34.62% jump to A$0.035 on the ASX on 25 Feb 2026. The move comes on 14,178,858 shares traded versus an average volume of 1,743,071, a 8.13x volume surge that pushed the day high to A$0.039. Momentum indicators show overbought readings, but the price sits well above its 50-day average of A$0.01965 and 200-day average of A$0.01096. We review drivers, technicals, and the Meyka AI outlook for Anax Metals Limited (ANX.AX) on the ASX in Australia.
ANX.AX stock intraday price action and volume
ANX.AX stock climbed from an open of A$0.028 to a day high of A$0.039, closing intraday near A$0.035. Trading volume of 14,178,858 shares is well above the average of 1,743,071, signalling speculative interest. The stock’s year high is A$0.039 and year low is A$0.004, showing wide intra-year volatility for this ASX small-cap explorer.
ANX.AX analysis: fundamentals and valuation
Anax Metals Limited (ANX.AX) operates in Basic Materials and explores copper, gold and base metals in Western Australia. Key metrics show market cap A$38,574,550, book value per share A$0.02678, and PB ratio 1.31. The company reports EPS -0.01 and a negative PE; earnings remain loss-making but recent cash per share of A$0.00356 offers a small liquidity buffer.
Technical ANX.AX stock signals and momentum
Technicals are aggressive: RSI 84.90 and CCI 349.28 flag overbought conditions while ADX 38.71 indicates a strong trend. Price sits above the Bollinger middle band at A$0.02 and the 50-day average of A$0.01965. Short-term traders should expect volatility and possible pullbacks on profit-taking.
ANX.AX outlook and catalysts driving the rally
The intraday rally appears driven by renewed interest in Pilbara base-metal assets and active retail flows into small-cap explorers. Upcoming catalysts include exploration updates from the Whim Creek and Mount Short projects and the company’s earnings calendar with an announcement pencilled for 16 Mar 2026. Positive drill results or JV news could lift the stock toward resistance at A$0.04.
Meyka AI stock grade and model forecast for ANX.AX stock
Meyka AI rates ANX.AX with a score out of 100: 60.09 / Grade B — HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. Meyka AI’s forecast model projects a quarterly price of A$0.04, an implied upside of 14.29% from the current A$0.035. Forecasts are model-based projections and not guarantees.
Risks, valuation gap and investor considerations for ANX.AX stock
Risks include continued negative EPS, tight current ratio 0.79, and limited operating cash flow per share -0.00287. The company’s debt to equity 0.26 is modest but working capital is negative. Given these fundamentals, any price gains are tied to exploration success rather than earnings improvement. Traders should size positions for high volatility.
Final Thoughts
ANX.AX stock is the ASX top gainer intraday after a 34.62% rise to A$0.035, led by heavy volume and momentum indicators. Short-term technicals signal overbought conditions, but the price sits above key moving averages, and a successful exploration update could push the stock to the nearby resistance at A$0.04. Meyka AI’s forecast model projects A$0.04 in the near term, implying ~14.29% upside from the current price. Our internal grade is B (60.09) with a HOLD suggestion, reflecting mixed fundamentals, sector volatility, and event-driven upside. Suggested scenario targets: a conservative base case A$0.05, upside case A$0.08, downside support A$0.02. These targets reflect supply-demand swings for small-cap explorers on the ASX in Australia and are not price guarantees. For live quotes and order flow, see the Meyka stock page for ANX.AX and watch company updates ahead of the 16 Mar 2026 earnings date.
FAQs
Why did ANX.AX stock jump today?
The surge to A$0.035 came with heavy volume of 14,178,858 shares and retail interest in Pilbara exploration plays. Short-term momentum and speculation ahead of exploration news likely fuelled buying.
What is Meyka AI’s price forecast for ANX.AX stock?
Meyka AI’s forecast model projects a near-term quarterly price of A$0.04, implying about 14.29% upside from A$0.035. Forecasts are model-based projections and not guarantees.
Is ANX.AX a buy for long-term investors?
ANX.AX is a speculative ASX small-cap explorer with negative EPS and cash constraints. Meyka AI rates it B (HOLD); long-term buyers should wait for positive drill results or clearer cash-flow improvement.
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.