LSR.AX Lodestar Minerals (ASX) +44% intraday 24 Feb 2026: Volume surge
LSR.AX stock moved sharply higher intraday on 24 Feb 2026 as Lodestar Minerals Limited (LSR.AX) traded at A$0.013, up 44.44% from yesterday on an unusually large volume of 75,232,105 shares. The move pushed the share price toward the day high of A$0.014 and far above the 50-day average A$0.01235. For traders scanning high volume movers on the ASX, this spike reflects news or speculative positioning in the Basic Materials gold sector. We summarise the drivers, valuation metrics, Meyka AI grade, and short-term price forecasts for intraday and swing traders.
LSR.AX intraday price action and volume
Lodestar Minerals (LSR.AX) opened at A$0.012 and hit a day high of A$0.014 on 24 Feb 2026, closing the early session at A$0.013. Volume was 75,232,105, roughly 10.18x the average daily volume of 7,666,719, signalling heavy speculative trading and liquidity interest on the ASX.
LSR.AX stock fundamentals and valuation
The company’s market capitalisation is A$5,196,412 with 399,724,000 shares outstanding. Lodestar reports EPS of -0.02 and a reported PE of -0.65, reflecting negative earnings and early-stage exploration spending. Balance-sheet metrics show a low cash per share A$0.00010 and a current ratio of 0.16, underlining tight short-term liquidity.
Technical snapshot and trading indicators
Momentum indicators show a short-term boost: RSI 56.43 and CCI 163.13 suggest momentum but possible overbought extremes for intraday traders. The stock trades below its 200-day average A$0.01777, so technical traders will watch whether volume-led gains stick above the A$0.012–A$0.014 range.
Meyka AI rates LSR.AX with a score out of 100
Meyka AI rates LSR.AX with a score out of 100: 66.31, Grade B, Suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informational only and not personal financial advice.
Catalysts, sector context and risks
Lodestar operates in the Basic Materials sector (Gold) where six-month sector performance is +42.60%, which can lift small explorers on positive drill news. Key risks include negative earnings, tight liquidity, and high payables; Lodestar shows a days-payables metric of 1923.71 days, reflecting payable timing rather than operational cash cover.
Price targets, forecasts and analyst view
Meyka AI’s forecast model projects a near-term quarterly target of A$0.02, a conservative monthly view at A$0.01, and a bull scenario toward A$0.06 if exploration results re-rate the stock. Model forecasts are projections and not guarantees; traders should match targets to risk tolerance and update for company announcements.
Final Thoughts
LSR.AX stock is trading as a high-volume mover on 24 Feb 2026 with a clear intraday spike to A$0.013 and a volume surge of 75,232,105 shares. Short-term traders can view the move as momentum-driven; the stock sits below the 200-day average A$0.01777 and shows stretched technical readings. Meyka AI’s forecast model projects a near-term quarterly target of A$0.02, implying an upside of 53.85% from the current price of A$0.013. A conservative scenario at A$0.01 implies a downside of -23.08%, while an upside case at A$0.06 would imply 361.54%. Meyka AI rates LSR.AX 66.31/100 (Grade B, HOLD) based on sector, growth and key metrics. These forecasts are model-based projections and not guarantees. Monitor ASX announcements and drill or funding updates closely, and consider liquidity, negative EPS, and sector volatility before positioning. For company filings see the Lodestar website and ASX company page source source. Meyka AI is an AI-powered market analysis platform providing real-time signals and grades to support trader research.
FAQs
Why did LSR.AX stock spike today?
The intraday spike to A$0.013 was driven by heavy volume (75,232,105 shares), likely from speculative trading or a company update. Traders reacted to exploration and sector momentum in gold; check ASX announcements and company releases for confirmation.
What is the short-term price forecast for LSR.AX?
Meyka AI’s model projects a near-term quarterly target of A$0.02, an implied upside of 53.85% from A$0.013. Forecasts are model outputs and not guaranteed; they depend on news, results and market conditions.
How risky is investing in Lodestar Minerals (LSR.AX)?
Risk is high: negative EPS (-0.02), low current ratio (0.16), and small market cap (A$5.20m) increase volatility. Positive drill results or funding could re-rate the stock, but liquidity and exploration risk are material.
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.