CLA.AX Celsius Resources (ASX) A$0.022, 88.53M vol 23 Jan: watch breakout
CLA.AX stock drew heavy attention on 23 Jan 2026 with 88.53M shares changing hands and the price closing at A$0.022, up 4.76% at market close. The surge put Celsius Resources Limited (CLA.AX) among the most active names on the ASX, driven by short-term momentum and renewed retail flows. Traders should note the contrast between the current price and the 50-day average of A$0.013, which underscores a recent re-rate. We outline the trading picture, valuation, technicals and model forecasts to frame the near-term outlook for CLA.AX stock.
CLA.AX stock trading snapshot
CLA.AX traded between A$0.021 and A$0.025 on the day and closed at A$0.022. Volume was 88.53M versus an average of 6.31M, signaling significantly higher liquidity and attention. Market capitalisation stands near A$64.83M with 3.24B shares outstanding.
What moved the price and intraday flow
The price lift coincided with a spike in on‑exchange volume and above‑average retail activity on social channels. This single factor explains the intraday gap from the 50‑day average (A$0.013) to the close at A$0.022. There were no company announcements at close; the move appears technically driven rather than news driven.
CLA.AX stock fundamentals and valuation
Celsius Resources is an exploration company in Basic Materials with projects in Australia, Namibia and the Philippines focused on copper, gold, nickel and cobalt. Key ratios show a price‑to‑book of 2.37 and current ratio of 3.07, reflecting a small balance sheet cushion against operational cash burn. The company reported negative earnings metrics; EPS data is not available and return on equity is -30.20%, underlining that valuation is driven by resource potential rather than near‑term profits.
Technicals, momentum and volume indicators
Technical indicators show momentum support: RSI at 58.11 and ADX at 25.44, which signals a developing trend. The 50‑day average price sits near A$0.013 and the 200‑day near A$0.0097, so the current price is above both moving averages. On‑balance volume (OBV) and the high day volume point to buyer conviction in the short term.
Meyka AI rates CLA.AX with a score out of 100
Meyka AI rates CLA.AX with a score of 61 out of 100 — Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Note the independent company rating dated 22 Jan 2026 shows a C+ (Sell) view, reflecting weak profitability metrics and exploration risk.
Risks and opportunities for CLA.AX stock
Opportunity: a successful drilling result or resource upgrade could re‑rate the stock given the low market cap and high leverage to copper/gold prices. Risk: continued negative earnings, high share count (3.24B) and exploration dilution could pressure the share price. Liquidity spikes can amplify volatility, so position sizing and stop discipline matter for traders.
Final Thoughts
CLA.AX stock is trading with unusually high liquidity and short‑term momentum after 88.53M shares changed hands on 23 Jan 2026, lifting the price to A$0.022 at market close. Our scenario‑based price targets balance exploration upside with clear downside risks: a base case target of A$0.030 (implied 36.36% upside), a bull target of A$0.060 (implied 172.73% upside) and a conservative downside target near the model yearly forecast. Meyka AI’s forecast model projects a 12‑month figure of A$0.00774, which implies a -64.82% move versus the current price; forecasts are model‑based projections and not guarantees. Given the company’s price‑to‑book of 2.37, modest cash per share and negative profitability, the Meyka grade of 61/100 (B, HOLD) reflects a cautious stance. Short‑term traders may look to volume and RSI for entry signals, while longer‑term investors should wait for clearer exploration results or a materially stronger balance sheet. For additional company detail visit the Celsius Resources website and social updates source and the firm’s Twitter page source. Meyka AI provides this as AI‑powered market analysis; this is informational and not financial advice.
FAQs
What is the current price and volume for CLA.AX stock?
CLA.AX stock closed at A$0.022 on 23 Jan 2026 with 88.53M shares traded, well above the average volume of 6.31M. High volume signals elevated liquidity and short‑term investor interest.
What valuation metrics matter for CLA.AX stock?
Key metrics: market cap A$64.83M, price‑to‑book 2.37, current ratio 3.07 and no reported EPS. For exploration stocks like CLA.AX stock, asset potential and cash runway matter more than current earnings.
What is Meyka AI’s view and forecast for CLA.AX stock?
Meyka AI rates CLA.AX 61/100 (B, HOLD). The model projects a 12‑month figure of A$0.00774, implying -64.82% versus A$0.022. Forecasts are model outputs 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.
