Why did AKN.AX stock jump 75% today?

The 75.00% jump was driven by heavy volume (25,119,309 shares) and speculative buying. There was no formal company release in the trading snapshot, so market chatter and sector flows likely triggered short-covering and momentum trading.

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

Meyka AI rates AKN.AX **62.60/100 (B, HOLD)**. The model projects a monthly price of **A$0.010**, implying a model downside of **28.57%** versus the current price. This is a model projection, not financial advice.

What price targets should investors consider for AKN.AX stock?

Scenario targets: conservative **A$0.010**, base **A$0.020**, optimistic **A$0.050**. Targets depend on exploration updates, funding events and liquidity; these are illustrative and not guarantees.

Is AKN.AX stock a buy for long-term investors?

AKN.AX is an early-stage explorer with negative earnings and tight liquidity. Long-term investment requires confirmed resource results and financing. Treat as speculative and size positions accordingly.

AU Stocks

AKN.AX stock up 75% to A$0.014 on 02 Feb 2026: ASX top gainer, volume surge

ByHuzaifa Zahoor February 2, 2026February 2, 2026

AKN.AX stock led ASX gainers on 02 Feb 2026, rising 75.00% to A$0.014 on a heavy 25,119,309 share session. The jump followed a gap from A$0.008 to an open at A$0.013, and the stock traded at a new intraday high of A$0.014. Volume was over ten times the average, signalling strong speculative interest. We review drivers, fundamentals, technicals and a Meyka AI forecast to frame the trade for ASX investors.