Why did OZM.AX stock rise so strongly pre-market?

OZM.AX stock rose **23.81%** pre-market on 05 Feb 2026 driven by heavy volume, sector rotation into gold juniors and speculative buying ahead of exploration updates on the Mulgabbie and Patricia projects.

What are the key valuation metrics for OZM.AX stock?

Key metrics: market cap **A$29,783,243**, EPS **-A$0.01**, P/E **-13.00**, price/book **8.81**, current ratio **6.17**. These signal an exploration company with limited revenue and negative earnings.

What does Meyka forecast for OZM.AX stock?

Meyka AI's forecast model projects monthly **A$0.18**, quarterly **A$0.12**, and yearly **A$0.06** for OZM.AX stock. Forecasts are model-based projections and not guarantees.

What are primary risks for OZM.AX stock investors?

Risks include negative earnings, capital raising and dilution, volatile trading on exploration news, and dependence on gold prices. Liquidity can spike but also evaporate quickly for small-cap ASX explorers.

AU Stocks

OZM.AX stock up 23.81% to A$0.13 pre-market ASX 05 Feb 2026: catalyst ahead

ByHuzaifa Zahoor February 4, 2026February 4, 2026

OZM.AX stock led ASX pre-market gainers, rising 23.81% to A$0.13 on heavy activity ahead of the open on 05 Feb 2026. The move pushed volume to 5,167,749 shares versus an average of 1,031,922, signalling strong short-term interest. Traders are watching the Mulgabbie and Patricia gold projects in Western Australia and upcoming company announcements that could drive further moves in the ASX gold cohort.