Tempest Minerals Limited (TEM.AX) is the ASX small-cap most active intraday on 06 Mar 2026, climbing 33.33% to A$0.008 on a heavy 33,640,426 share print. TEM.AX stock leads trade by relative volume 12.73x versus its average. The move comes with an overbought technical read and very thin pricing levels, forcing short-term volatility for traders watching the Basic Materials sector.

Market snapshot for TEM.AX stock

Price action: TEM.AX is trading at A$0.008 intraday on the ASX (Australia). Change is +33.33% from the previous close of A$0.006. Day range shows A$0.008 low and A$0.011 high. Volume is 33,640,426 versus average 2,642,579 shares.

Key metrics: Market cap is A$8,815,010.00. Shares outstanding are 1,101,876,292. EPS is -0.002 and reported PE is -4.00. Price averages are A$0.00677 (50-day) and A$0.00686 (200-day).

Why TEM.AX stock is the most active today

Trading drivers: the primary driver today is a heavy speculative flow into the microcap, reflected by a relVolume of 12.73 and on‑balance volume above 44,019,034. There is no major RNS on file today; the surge looks trade-driven around low unit price and tight floats. Volume spikes often follow retail interest or broker screens that flag small-cap momentum.

Sector context: Tempest sits in the Basic Materials sector, which has delivered +8.37% YTD. That sector strength can lift exploration names, but individual moves remain idiosyncratic and liquidity dependent. For comparison data on ASX peers see Investing.com compare tool.

Financials and valuation for TEM.AX stock

Balance and profitability: Tempest reports limited revenue per share (0.00007) and negative net income per share (-0.0024). Book value per share is 0.01793 and cash per share is 0.00280, implying modest working capital support.

Valuation snapshot: Price-to-book is 0.44, price-to-sales is 195.56, and reported PE is negative. The company carries no reported debt. Small market cap (A$8.82M) and negative earnings make traditional multiples unreliable for valuation, increasing the importance of cash runway and exploration results.

Technicals, sentiment and Meyka grade for TEM.AX stock

Technical picture: RSI is 72.07 (overbought), CCI 466.67, MFI 98.52 and ROC 33.33%. Short-term trading bands show day highs near the year high A$0.012. Moving averages cluster below current trade at A$0.00677 and A$0.00686.

Meyka assessment: Meyka AI rates TEM.AX with a score of 63.68 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators signal high short-term risk but potential for momentum traders.

Risks and catalysts for TEM.AX stock

Primary risks: exploration outcomes are binary. Low price levels increase dilution and volatility risk, given 1,101,876,292 shares outstanding. Negative EPS and thin coverage raise liquidity and execution risk on corporate activity.

Important catalysts: drill results, tenure updates, or any RNS on project financing will shift valuation. Short-term catalyst is market interest and momentum; longer-term drivers are resource definition at the Meleya project in WA.

Outlook and TEM.AX forecast

Meyka AI’s forecast model projects a near-term monthly level of A$0.010, equal to a 25.00% implied upside from the current A$0.008. A conservative short-term price target is the year high A$0.012, while downside remains to the year low A$0.003.

Forecast caveat: these are model-based projections and not guarantees. Traders should watch volume, any RNS, and the company’s cash position before adding exposure.

Final Thoughts

Key takeaways: TEM.AX stock is the ASX most active small-cap intraday on 06 Mar 2026, moving to A$0.008 on 33,640,426 shares. Momentum metrics are overbought, so intraday risk is high even as liquidity attracts traders. Meyka AI’s forecast model projects A$0.010 monthly, implying a 25.00% upside versus current price. Near-term technical resistance sits near A$0.012 and the clear downside pivot is A$0.003. Our Meyka grade is 63.68/100 (B, HOLD), reflecting mixed fundamentals and strong short-term momentum. Remember forecasts are model-based projections and not guarantees. Use risk controls for positions in TEM.AX, and consult company RNS for any updates. This note is produced using the Meyka AI-powered market analysis platform. Sources: market data and peer compare on Investing.com and related market pages Investing.com news feed. Internal company page: https://meyka.ai/stocks/TEM.AX

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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.