REC.AX stock plunged -35.85% to A$0.034 at the ASX market close on 27 Feb 2026, making it one of the top losers today. Volume surged to 4,106,934 shares, well above the 50-day average, as sellers reacted to short-term risk signals. Investors should note this move in the context of small‑cap copper explorers and recent technical overbought readings.

REC.AX stock: price action and market activity

Recharge Metals Limited (REC.AX) closed at A$0.034 on the ASX, down 35.85% from the previous close of A$0.053. The session range was A$0.033–A$0.043, with an open at A$0.041. Reported volume was 4,106,934 versus an average volume of 2,623,579, giving a relative volume of 1.64. This intraday gap and higher turnover point to forced selling and increased retail attention.

Company snapshot and near‑term catalysts for Recharge Metals Limited (REC.AX)

Recharge Metals Limited (REC.AX) is an Australian copper and base metals explorer operating the Brandy Hill, Bohemia Downs and Tampia East projects. Market cap is approximately A$11,394,310 with 277,910,000 shares outstanding. Management updates, assay results and any drilling news will remain primary catalysts for price recovery or further weakness. The sector context is basic materials and copper, where commodity moves matter.

REC.AX stock: fundamentals and valuation metrics

On reported metrics REC.AX shows an EPS of -0.01 and a trailing PE of -4.10, reflecting negative earnings. Book value per share is A$0.053 and price‑to‑book is 0.77, indicating the market values the company below book. Current ratio is 8.67, and cash per share is about A$0.007, which suggests short‑term liquidity is acceptable but operating cash flow is negative. These fundamentals suit a speculative, exploration‑stage stock rather than an income or value play.

Technical picture and Meyka AI grade for REC.AX stock

Technical indicators show short‑term extremes: RSI 87.79 and MFI 87.89, both in overbought territory before today’s selloff, while ADX 34.04 points to a strong trend. On 26 Feb 2026 an external company rating flagged a C / Sell stance. Meyka AI rates REC.AX with a score out of 100: 57.84 (Grade C+), suggestion HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts and analyst consensus. These grades are not guarantees and are informational only.

REC.AX stock: forecasts and price targets

Meyka AI’s forecast model projects a monthly price of A$0.04 and a quarterly price of A$0.02. Versus the current A$0.034, the monthly forecast implies an upside of +17.65%, while the quarterly forecast implies a downside of -41.18%. Suggested scenario price targets: Bear A$0.02, Base A$0.04, Bull A$0.06. Forecasts are model‑based projections and not guarantees.

REC.AX stock risks and opportunities

Key risks: exploration disappointment, dilution from future capital raises, and volatile small‑cap trading in the Australian copper sector. Liquidity is limited given market cap A$11.39M, which can fuel sharp moves. Opportunities: rising copper prices or positive drilling results could trigger fast recoveries. Sector performance for Basic Materials shows 3‑month strength, but small explorers often move independently of majors.

Final Thoughts

REC.AX stock hit the top losers list after a -35.85% drop to A$0.034 at the ASX close on 27 Feb 2026. The move combined heavy volume, overbought technicals and the usual small‑cap risks of dilution and event‑driven swings. Meyka AI’s model projects a near‑term monthly price of A$0.04, implying ~17.65% upside from today’s close, but the quarterly projection of A$0.02 implies downside risk. Our internal grade is 57.84 (C+, HOLD), reflecting weak earnings, thin market cap and mixed technical signals. For traders, this is a high‑volatility speculative stock: monitor company news, assay updates and capital‑raising notices closely. For longer term investors, validation through consistent drilling success and clearer funding plans would be required before upgrading the outlook. See the company site and recent market transcripts for primary sources and use Meyka AI’s tools for real‑time signals.

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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.