Why did LOT.AX stock spike today?

LOT.AX stock spiked on heavy volume and renewed investor focus on its Kayelekera uranium asset, plus sector screening activity on trading platforms. Short-term momentum and positive peer comparisons pushed the price higher at the ASX close on 02 Feb 2026.

What is Meyka AI's view on LOT.AX stock?

Meyka AI rates LOT.AX with a **B** grade and a HOLD suggestion. The grade factors in benchmark and sector comparison, financial growth, metrics and analyst inputs. The platform also provides model forecasts and caveats that projections are not guarantees.

What are the main risks for LOT.AX stock?

Primary risks include negative earnings (EPS **-0.07**), weak operating cash flow, project execution risk in Malawi, and commodity price moves. Regulatory or financing setbacks would likely pressure LOT.AX stock materially.

Is there a price target for LOT.AX stock?

Meyka AI shows a priceFairValue near **A$2.62** and the year high sits at **A$3.30**. Short-term technical resistance near **A$3.30** and support near **A$2.61** provide a working trading range for LOT.AX stock.

AU Stocks

LOT.AX Lotus Resources ASX jumps 1,091% to A$2.68: what to watch next

ByDanny Kontos February 2, 2026

LOT.AX stock surged 1,091.11% to A$2.68 at the ASX close on 02 Feb 2026, driven by heavy volume of 2,892,721 shares. We saw the price open at A$2.94, trade between A$2.61 and A$2.94, and close well above the prior A$0.23 level. The move pushed Lotus Resources Limited (LOT.AX) into top-gainer lists on the ASX in Australia at market close. We summarise the drivers, assess fundamentals, show technical indicators, and present Meyka AI grading and model forecasts for traders and investors.