AWC.AX Alumina Limited ASX A$1.45 on 28 Jan 2026: heavy volume signals active traders
Alumina Limited (AWC.AX stock) closed at A$1.45 on 28 Jan 2026 after a day of outsized activity. Volume reached 206,210,866 shares, nearly 19.66 times the average daily flow of 10,489,286. Price eased -1.69% from the prior close of A$1.475, but the spike in volume makes this a most-active story on the ASX. Traders and investors will watch AWC.AX stock for follow-through and whether refinery and bauxite news changes the near-term trend.
Market snapshot for AWC.AX stock
AWC.AX stock finished at A$1.45 with a day range of A$1.45–A$1.50. The year range is A$0.69–A$1.90, and market capitalisation sits near A$4,207,436,186.00. The 50-day average price is A$1.71 and the 200-day average is A$1.25. These averages show the stock remains between short-term resistance and longer-term support.
Why trading volume spiked
Volume of 206,210,866 shares is the headline driver for AWC.AX stock today, far above the average of 10,489,286. One claim: large blocks or index rebalancing likely pushed activity rather than a company announcement. Another claim: heavy volume can foreshadow short-term volatility as the market digests position changes and liquidity providers reprice shares.
Financials and valuation for AWC.AX stock
Alumina reports EPS of -0.08 and a negative trailing P/E of -18.13, reflecting recent losses at the consolidated level. The price-to-book ratio is 2.00 and return on equity is -10.31%, indicating earnings pressure versus book value. Sector context matters: Basic Materials on the ASX is up 14.08% YTD, which helps commodity-related peers even when Alumina faces corporate-specific earnings strain.
Meyka AI grade and forecast for AWC.AX stock
Meyka AI rates AWC.AX with a score out of 100: Score 59.38 | Grade C+ | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly price of A$1.51, implying 3.85% upside versus the current A$1.45. Forecasts are model-based projections and not guarantees.
Technical outlook and price targets for AWC.AX stock
Short-term technicals show resistance near the 50-day average, A$1.71, and support near the 200-day average, A$1.25. Relative volume suggests short-term directional risk. For planning, set a conservative target of A$1.30 and a base scenario near A$1.70. A bull case target of A$2.00 would require stronger alumina pricing or operational upgrades at Alcoa World Alumina and Chemicals.
Risks and opportunities for AWC.AX stock
Risk: commodity price swings and operational issues at partner mills can pressure earnings and keep the P/E negative. Another risk: interest coverage is negative, which adds refinancing sensitivity. Opportunity: stronger alumina prices or improved output from joint ventures could restore earnings and lift the share price. Also, sector momentum in Basic Materials could provide tailwinds for AWC.AX stock if markets stay positive.
Final Thoughts
AWC.AX stock closed A$1.45 on 28 Jan 2026 with extraordinary volume of 206,210,866 shares, making it one of the most active ASX names today. Fundamentals show a mixed picture: EPS -0.08, P/E -18.13, price-to-book 2.00, and negative ROE. Meyka AI gives AWC.AX a C+ (59.38) and recommends HOLD while noting sector tailwinds. Our forecast model projects A$1.51 in one year, an implied upside of 3.85% from today. That outlook assumes steady aluminium and alumina pricing and no major JV outages. For traders, the immediate focus is whether high volume translates to trend continuation. For longer-term investors, watch joint venture results and commodity trends. Use stop-loss discipline given the stock’s negative earnings and sensitivity to commodity cycles. Visit the company site for official updates Alumina Limited and the ASX page for filings ASX – AWC. Meyka AI provides this as data-driven market analysis and not investment advice.
FAQs
What drove AWC.AX stock volume today?
The surge to 206,210,866 shares likely came from large block trades or index rebalancing. Heavy flow can reflect portfolio moves rather than specific company news, creating short-term volatility in AWC.AX stock.
What is Meyka AI’s short-term forecast for AWC.AX stock?
Meyka AI’s forecast model projects AWC.AX stock at A$1.51 in one year, an implied upside of 3.85% versus the current A$1.45. Forecasts are projections and not guarantees.
Is AWC.AX stock paying a dividend?
As of the latest data, Alumina (AWC.AX stock) shows no dividend yield reported. Investors should check company announcements for any changes to dividend policy.
What are the main risks for AWC.AX stock?
Key risks for AWC.AX stock include commodity price volatility, operational issues at JV refineries, and continued negative earnings. Interest coverage and negative ROE increase sensitivity to weaker earnings.
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.
