Pre-market high-volume mover: AON.AX Apollo Minerals (ASX) jumps 36.73% on heavy trade: watch catalyst
We see AON.AX stock surge in pre-market trade on 27 Feb 2026 after heavy turnover and a sharp intraday move. Apollo Minerals Limited (AON.AX) is trading at A$0.067 following a 36.73% rise on volume of 19,655,045 shares versus a 50-day average of 7,959,156. The jump follows renewed interest in the Kroussou zinc-lead project and ahead of the company earnings window. We flag liquidity, valuation extremes and near-term catalysts as the drivers we will track into the ASX session.
AON.AX stock: price, volume and session context
AON.AX stock opened pre-market at A$0.053 and hit A$0.067 on the spike, matching the 52-week high. Trading volume sits at 19,655,045 versus an average of 7,959,156, marking it a clear high-volume mover. Market capitalisation is about AUD 47.35M and shares outstanding are 928,457,000, which keeps float-driven volatility high. The day low was A$0.052 and year low remains A$0.0045, underlining wide historical price swings.
Drivers behind the move and sector context
The move aligns with renewed attention to Apollo Minerals’ Kroussou zinc-lead project and sector rotation into Basic Materials. Basic Materials peers have shown strong momentum recently, with BHP and RIO lifts supporting commodity interest. Reuters and market comparison pages show increased coverage and quote flows that can amplify small-cap moves source. High relative volume often precedes short-term reversals or continuation depending on news flow.
Fundamentals and ratios for AON.AX stock
Apollo Minerals reports EPS of -0.01 and a negative PE at -5.10, reflecting exploration-stage losses. Key metrics include price averages: 50-day A$0.023 and 200-day A$0.01159, and a price-to-book of 4.18. Current ratio is 1.56 and cash per share is 0.00158, indicating modest liquidity for ongoing exploration. These figures point to speculative valuation and capital sensitivity ahead of any resource development or financing news.
Technical picture and trading signals for AON.AX stock
Short-term indicators are bullish on momentum but mixed on overextension. RSI is 60.67, ADX 63.38 signalling a strong trend, and Bollinger upper band sits at A$0.07. The gap from the 50-day average implies a volatile mean reversion risk. Traders should note the on-balance volume reading at 285,097,763 and an ATR of 0.01, which imply sizable moves are possible as liquidity flows through the name.
Risk, catalysts and near-term calendar for AON.AX stock
Key risks include capital raises, resource delineation outcomes, and commodity price swings. Apollo Minerals has an earnings date listed for 11 Mar 2026, which could cement sentiment or trigger fresh volatility. Watch announcements on Kroussou project milestones, drilling results, or financing updates. Given the market cap of AUD 47.35M, any corporate action will likely move the stock materially.
Meyka AI grade, analyst view and valuation insight
Meyka AI rates AON.AX with a score out of 100: 61.05 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Third-party company ratings show a C rating on 25 Feb 2026, emphasising weak profitability metrics but some balance sheet stability. With no consensus price target available, we highlight the extreme multiple dispersion and recommend watching fundamental catalysts before repositioning.
Final Thoughts
AON.AX stock is a high-volume mover in pre-market trade on 27 Feb 2026, trading at A$0.067 after a 36.73% jump and heavy turnover. The move is driven by renewed focus on the Kroussou zinc-lead project, tight market cap dynamics and upcoming corporate events. Meyka AI’s forecast model projects a monthly target of A$0.060, implying a near-term downside of -10.45% versus the current price, and a quarterly outlook of A$0.040 implying -40.30%. Our technical view allows a speculative short-term trading target near A$0.090 if momentum continues, while downside remains if news proves transitory. Forecasts are model-based projections and not guarantees. We recommend active risk management, monitor the 50-day average A$0.023, and track the earnings window and any project updates before increasing exposure. For live quotes and deeper metrics visit the Meyka stock page and Reuters listing for updates Meyka AON.AX page source.
FAQs
What drove the pre-market jump in AON.AX stock?
The pre-market jump was driven by heavy volume, renewed interest in Apollo Minerals’ Kroussou project and positioning ahead of the 11 Mar 2026 earnings window. Small-cap liquidity amplified the move.
What are the key valuation figures for AON.AX stock?
Key figures: price A$0.067, EPS -0.01, PE -5.10, price-to-book 4.18, market cap AUD 47.35M. These show speculative valuation and negative profitability.
How does Meyka AI view AON.AX stock?
Meyka AI rates AON.AX 61.05 (Grade B, HOLD). The grade uses sector comparison, financial growth, metrics and analyst inputs. This is informational, not investment advice.
What short-term price forecasts exist for AON.AX stock?
Meyka AI’s forecast model projects a monthly A$0.060 (implied -10.45% vs A$0.067) and a quarterly A$0.040 (implied -40.30%). Forecasts are model-based and not guarantees.
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.