REC.AX up 136% to A$0.052 on ASX (23 Feb 2026): Volume surge points to short-term momentum
REC.AX stock led ASX top gainers on 23 Feb 2026, rising 136.36% to A$0.052 on heavy volume of 33,782,931 shares. The spike followed weekend market chatter and high short-interest pressure, pushing the price from a previous close of A$0.022 to a day high of A$0.060. In this report we explain what moved Recharge Metals Limited (REC.AX) today, connect the move to company fundamentals and technicals, and give an analyst-style outlook for traders and longer-term investors.
REC.AX stock: price action and market context
Recharge Metals Limited (REC.AX) closed the ASX session at A$0.052, up 136.36% from A$0.022. Volume exploded to 33,782,931 shares versus an average volume of 304,663, a relative volume of roughly 189.45x. The intraday range was A$0.045–A$0.060, and the move pushed REC.AX well above its 50-day average of A$0.01925 and 200-day average of A$0.01758, signalling a short-term momentum event.
REC.AX stock: drivers behind the gain and news flow
The surge appears driven by speculative trading and coverage mentions on market sites rather than fresh company announcements. Recent aggregator reports and sector chatter increased visibility for the stock, which shows in volume and overbought technicals. For context on market mentions see coverage comparisons and trading notes on Investing.com source and a broader equities bulletin that listed Recharge Metals among active tickers today source.
REC.AX stock: fundamentals, valuation and sector placement
Recharge Metals is an Australian copper explorer focused on Brandy Hill, Bohemia Downs and Tampia East projects. Key financials: market cap A$11,821,538, EPS -A$0.02, and PE -2.30. The company has 256,989,967 shares outstanding and a book value per share of A$0.05298, giving a price-to-book near 0.87. Cash per share is A$0.00653 and the current ratio is 8.67, reflecting low liabilities but limited operating cash flow. Within the ASX Basic Materials sector, REC.AX trades as a micro-cap explorer with speculative upside tied to exploration results and commodity sentiment.
REC.AX stock: technicals, momentum and Meyka AI grade
Technicals show extreme short-term strength but also overbought conditions: RSI 90.34, MFI 97.01, and CCI 466.67. On balance volume (OBV) has spiked to 60,408,310, confirming heavy buying. Meyka AI rates REC.AX with a score out of 100: 57.74 (Grade C+) — Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade is informational only and not financial advice.
REC.AX stock: analyst view, price targets and risks
Analyst consensus is sparse for micro-cap explorers and no formal price target exists. Based on balance-sheet metrics, technical momentum and sector comparators we outline scenario-based targets: conservative A$0.01, base A$0.03, optimistic A$0.06. Key risks include low liquidity once volume normalises, continued negative EPS, and no near-term revenue stream. Upside depends on exploration results or fresh corporate news; downside is amplified by speculative positioning and tight float.
REC.AX stock: trading strategy and short-term outlook
Traders should treat today’s move as a momentum event. Short-term traders may look for pullback entries toward A$0.03–A$0.04 with tight stops. Long-term investors should prioritise fundamental catalysts such as drilling results or JV announcements before adding exposure. For a live quote and historical data see our Meyka stock page REC.AX on Meyka.
Final Thoughts
REC.AX stock’s 136.36% jump to A$0.052 on 23 Feb 2026 was a clear volume-driven momentum move on the ASX in Australia. The price action lifted the share well above moving averages but produced overbought technicals that heighten pullback risk. Meyka AI’s forecast model projects a one-month target of A$0.02, implying an approximate -61.54% downside from today’s close versus current price A$0.052; forecasts are model-based projections and not guarantees. Our scenario targets — conservative A$0.01, base A$0.03, optimistic A$0.06 — reflect the stock’s micro-cap status, limited cash per share and the high speculative component. Short-term traders can exploit momentum with strict risk controls. Long-term investors should wait for clearer fundamental catalysts like drilling updates or funding events before increasing positions. Meyka AI’s real-time analytics and proprietary grade offer a structured lens, but readers should conduct independent research and consider liquidity and volatility when sizing positions.
FAQs
What caused the REC.AX stock jump today?
REC.AX stock rose on heavy volume and speculative trading after increased web coverage and short-covering. There was no named corporate announcement; momentum came from market chatter and elevated buying pressure.
What is the Meyka grade for REC.AX stock and what does it mean?
Meyka AI rates REC.AX 57.74 out of 100 (Grade C+) — Suggestion: HOLD. The grade weighs benchmark and sector comparisons, financial growth, key metrics, forecasts and analyst signals. It is informational, not investment advice.
What price target and forecast does Meyka AI give for REC.AX stock?
Meyka AI’s forecast model projects a one-month target of A$0.02, implying about -61.54% from A$0.052. Scenario targets: conservative A$0.01, base A$0.03, optimistic A$0.06. Forecasts are model-based projections, not guarantees.
Should I trade REC.AX stock after today’s move?
For traders, REC.AX stock may offer short-term setups on pullbacks to A$0.03–A$0.04 with tight stops. For longer-term investors, wait for clear exploration or funding catalysts given low revenue and negative EPS.
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.