SRN.AX Surefire Resources closed A$0.002 on 27 Jan 2026: heavy volume signals interest
SRN.AX stock closed at A$0.002 on 27 Jan 2026 after a large intraday turnout of 97,530,963 shares, putting Surefire Resources NL among the ASX most active small caps today. The price finished unchanged from the open but hit a day low of A$0.001 and a high of A$0.002, while 50-day and 200-day averages sit around A$0.00195 and A$0.00204 respectively. That mix of extreme volume and sub-penny pricing highlights liquidity swings and makes SRN.AX stock notable for traders watching Basic Materials names on the ASX.
Intraday trading and why SRN.AX stock was most active
Surefire Resources (SRN.AX) posted 97,530,963 shares traded on 27 Jan 2026, well above its average volume of 5,125,887, driving its place on most active lists. High relative volume of 0.39 indicates outsized turnover for this micro-cap and means tighter spreads and short-term price swings for active traders. For real-time depth and order flow see the Surefire SRN.AX page on Meyka: Surefire SRN.AX on Meyka.
Company profile and SRN.AX stock fundamentals
Surefire Resources NL (SRN.AX) is an Australian exploration company focused on gold, copper, lead, silver, vanadium and iron ore in Western Australia, headquartered in South Perth. Market capitalisation sits at A$4,025,609.00 with 4,025,609,250 shares outstanding; EPS and a standard PE are not reported. Key ratios: price-to-book 0.71, price-to-sales 9.16, return on equity -26.26%, and a thin current ratio of 0.04, showing limited working capital buffer.
Technical picture and short-term SRN.AX stock trading signals
Momentum indicators are mixed: RSI 51.49 is neutral while ADX 64.10 signals a strong trend in place. The 50-day average at A$0.00195 and 200-day average at A$0.00204 show price trading close to moving averages. On-chain volume indicators such as OBV near 81,226,483 reflect the heavy turnover earlier in the session and point to trader-driven moves rather than fundamentals.
Meyka grade, valuation and SRN.AX stock analysis
Meyka AI rates SRN.AX with a score out of 100: 63.64 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The company shows low debt-to-equity 0.01 but weak profitability and negative cash flow per share, so the grade reflects balanced risk for speculative investors.
Catalysts, news flow and sector context for SRN.AX stock
There was no company-specific announcement on 27 Jan 2026; SRN appears in sector comparisons and peer screens across resources coverage on Investing.com, indicating continued market attention source. Broader Basic Materials performance lifted by large-cap miners can create rotation into explorers; see a related peer comparison source.
Risks, liquidity and what to watch next for SRN.AX stock
Key risks include very low per-share cash (A$0.00014 per share), negative operating cashflow per share A$-0.00062, and thin free cashflow. Liquidity swings remain the biggest trading risk despite high intraday volume; stop levels and position sizing are essential. Watch for drilling updates, tenement sales or placement announcements ahead of the next earnings date of 12 Mar 2026.
Final Thoughts
SRN.AX stock is trading as a highly liquid micro-cap on the ASX after 97,530,963 shares changed hands on 27 Jan 2026 while the price closed at A$0.002. Fundamentals show limited cash per share and persistent negative cash flow, but price-to-book near 0.71 and a comparably low market cap of A$4,025,609.00 leave room for speculative re-rating if exploration results or funding events arrive. Meyka AI’s forecast model projects a 12-month median price of A$0.003 for SRN.AX (implied upside 50.00% versus current price A$0.002). Forecasts are model-based projections and not guarantees. For traders, the combination of extreme volume and tight per-share pricing means short-term moves can be large; for longer-term investors, monitor cash position, drilling or sale catalysts and dilution risk before increasing exposure.
FAQs
What drove SRN.AX stock volume on 27 Jan 2026?
Heavy intraday trading followed sector screens and peer comparisons rather than a company release. Volume reached 97,530,963, far above the average 5,125,887, suggesting short-term trader activity and liquidity-driven moves.
What is Meyka AI’s view on SRN.AX stock grade?
Meyka AI rates SRN.AX with a score out of 100: 63.64 (Grade B, HOLD). The grade balances sector benchmarks, financial growth, key metrics and analyst signals but is not investment advice.
Does SRN.AX stock have an earnings date or forecast?
Surefire’s next reported earnings announcement is scheduled for 12 Mar 2026. Meyka AI’s model projects a 12-month median price of A$0.003, an implied upside of 50.00%, but forecasts are not guaranteed.
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.
