CHK.AX Cohiba Minerals (ASX) +66.67% to A$0.005 04 Feb 2026: heavy volume

CHK.AX stock surged 66.67% to A$0.005 on 04 Feb 2026, driven by an intraday range between A$0.004 and A$0.006 and extraordinary turnover of 35,069,450 shares on the ASX. The move makes CHK.AX a high-volume mover today and places the junior explorer squarely on traders’ screens. We review the price action, fundamentals, technicals, Meyka AI grade and a model-based outlook to explain whether this volume spike is a short-term trade or the start of a sustained rally.