C1X.AX stock down 20.00% intraday 28 Jan 2026: watch volume and short-term support
C1X.AX stock dropped 20.00% intraday to A$0.10 on 28 Jan 2026, driven by heavier trading and profit-taking after a short rally. Cosmos Exploration Limited (C1X.AX) on the ASX saw 722,211 shares trade versus an average of 774,415, lifting relative volume to 1.15. Fundamentals show a negative EPS of -0.05 and a P/E of -2.00, highlighting ongoing exploration-stage losses. For intraday traders the key debate is whether the move reflects short-term volatility or a deeper re-rating of this small-cap Australian miner.
Intraday move: C1X.AX stock price and volume
Cosmos Exploration Limited (C1X.AX) opened at A$0.13, hit a day high of A$0.13 and a day low of A$0.095 before settling near A$0.10 intraday. The share count is 108,466,602 with a market capitalisation of A$10,846,660.00. Volume at 722,211 shares compared with an average volume of 774,415 shows active trading but not a panicked sell-off. The intraday price change of -20.00% is the top loser move in our small-cap materials set today.
Drivers and fundamentals for C1X.AX stock
Cosmos Exploration Limited (ASX) focuses on gold, nickel, copper and platinum group elements through the Byro East (100%) and Orange East (75%) projects in Western Australia and New South Wales. Key balance-sheet metrics: cash per share A$0.00766, book value per share A$0.03645, current ratio 6.39, and PB ratio 2.74. The company reports negative net income per share -0.04967, underlining exploration-stage losses and potential future funding needs. These fundamentals help explain why downside moves amplify on weak flows.
Technical snapshot: short-term momentum on C1X.AX stock
Technicals show mixed signals for C1X.AX stock. RSI is 62.08, ADX 42.62 (strong trend), and MFI 83.84 (overbought), suggesting recent buying momentum that met profit-taking. Price averages sit at 50-day A$0.09421 and 200-day A$0.07564, with Bollinger bands at 0.07–0.12. Immediate support is the intraday low A$0.095 and the 50-day average. Resistance clusters are A$0.13 and the year high A$0.145.
Meyka AI rates C1X.AX with a score out of 100 and valuation view
Meyka AI rates C1X.AX with a score out of 100: 59.17 (Grade C+, Suggestion: HOLD). This grade factors S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a near-term monthly price of A$0.13 and a quarterly projection of A$0.12, implying an implied upside of +30.00% versus the current A$0.10. Forecasts are model-based projections and not guarantees.
Risks and catalysts for C1X.AX stock
Primary risks include low market capitalisation (A$10.85m), continued negative EPS, funding dilution and commodity price swings in the Basic Materials sector. Key catalysts are positive exploration results at Byro East or Orange East, successful farm-in deals, or a market-wide lift in junior miner sentiment. Watch cash per share A$0.00766, upcoming company updates, and sector flows for shifts in liquidity and valuation.
Analyst view and price targets for C1X.AX stock
Market consensus coverage is limited and independent ratings show pressure: a company-level rating dated 27 Jan 2026 lists a C- / Strong Sell view on some screens. Practical near-term targets: a conservative short-term level A$0.08 (downside -20.00%), a base case A$0.12 (quarterly forecast, upside +20.00%), and a bullish recovery to the year high A$0.145 (upside +45.00%). Use stop-losses and size positions carefully given high volatility.
Final Thoughts
C1X.AX stock is trading as a small-cap exploration play, and the -20.00% intraday drop to A$0.10 on 28 Jan 2026 highlights the stock’s sensitivity to flow and news. Meyka AI’s model projects a monthly target of A$0.13, implying +30.00% upside versus the current price, while a conservative short-term target of A$0.12 fits the quarterly outlook. Our proprietary grade remains C+ (59.17/100) and suggests a HOLD bias, reflecting weak earnings, modest cash buffers and meaningful upside if exploration results arrive. Investors should treat moves as high-risk: monitor volume, cash per share A$0.00766, drilling updates and sector sentiment. For live updates see our Meyka stock page and competitor context on Investing.com comparison. Meyka AI is an AI-powered market analysis platform; our forecasts and grades are model outputs and not investment advice. Use them to size risk and set price targets aligned with your strategy.
FAQs
Why did C1X.AX stock fall 20% intraday?
C1X.AX stock dropped due to profit-taking after a short rally, higher intraday volume (722,211) and thin market capitalisation. Negative earnings (EPS -0.05) and exploration-stage cash constraints increase volatility and amplify down moves.
What is Meyka AI’s short-term forecast for C1X.AX stock?
Meyka AI’s forecast model projects a monthly price of A$0.13 and a quarterly projection of A$0.12 for C1X.AX stock. These imply near-term upside of about 20–30% from the current A$0.10. Forecasts are projections and not guarantees.
What key metrics should investors watch for C1X.AX stock?
Monitor cash per share (A$0.00766), EPS (−0.05), PB ratio (2.74), 50-day average (A$0.09421) and drilling or JV announcements from Byro East and Orange East projects. These drive valuation and short-term moves.
Is C1X.AX stock liquid enough for active trading?
Liquidity is limited: average volume 774,415 and market cap around A$10.85m mean trades can move price. Intraday relative volume of 1.15 suggests periodic spikes; use small position sizes and tight risk controls.
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.
