Why did LCE.AX stock spike in volume today?

The spike reflected **1,714** shares traded versus an average of **59**, likely from block trades or pre-earnings reweighting ahead of the **19 Feb 2026** results. Small-cap flows can create sharp volume spikes without large price moves.

What is the short-term outlook for LCE.AX stock?

Short-term risk centers on earnings on **19 Feb 2026**. Meyka AI's quarterly projection is **A$0.76**, down **10.59%** from **A$0.85**, suggesting possible volatility before the report.

How does LCE.AX stock compare to its sector?

LCE.AX trades at **PE 42.50**, above the Financial Services sector PE **22.40**. Price-to-book at **1.08** is slightly below the sector PB **1.33**, making valuation mixed versus peers.

What are the model price targets and risks for LCE.AX stock?

Meyka AI's forecast model projects **A$1.23** at 12 months, implying **44.47%** upside, and **A$1.71** over three years. Risks include weak operating cash flow **A$-0.34** per share and low liquidity that can magnify moves.

AU Stocks

Volume spike: LCE.AX London City Equities ASX 1,714 trades 04 Feb 2026: earnings focus

ByDanny Kontos February 4, 2026

A volume spike in LCE.AX stock on the ASX caught attention today as 1,714 shares traded versus an average of 59, a 29.05x rise in activity on 04 Feb 2026. The price closed at A$0.85, unchanged for the session, ahead of a scheduled earnings announcement on 19 Feb 2026. Traders flagged the jump as a short-term liquidity event that may precede earnings-driven repositioning by investors.