What drove the pre-market volume spike in BME.AX stock?

The spike to **2,369,842** shares and a 33.33% gain appears driven by trading liquidity and speculation rather than a formal company release. Thin market cap and low float can amplify small orders into large percentage moves.

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

Key metrics: **Price A$0.008**, **EPS -0.02**, **PE -0.40**, market cap **A$3,065,792.00**, book value per share **A$0.17**, and current ratio **7.11**. Negative earnings and small cap skew traditional valuation measures.

What price targets should traders use for BME.AX stock?

Short-term targets: support **A$0.006**, base target **A$0.010** (+25.00%), optimistic **A$0.030** (+275.00%). Manage risk tightly because thin liquidity and dilution risk can move the price quickly.

How reliable is Meyka AI’s forecast for BME.AX stock?

Meyka AI's forecast model projects **A$0.00** for 12 months, which is a model output and not a guarantee. Use it as one input alongside corporate news, sector moves and on-the-ground reporting.

AU Stocks

Pre-market: BME.AX Black Mountain Energy ASX A$0.008 06 Feb 2026, volume spike

ByHuzaifa Zahoor February 6, 2026February 6, 2026

BME.AX stock rose 33.33% pre-market to A$0.008 on 06 Feb 2026 as volume surged to 2,369,842 shares, four times the average. This price move puts Black Mountain Energy Ltd (ASX) back in focus after weeks near the year low. Traders should note the thin market cap of A$3,065,792.00, large outstanding shares, and the company’s core asset, Project Valhalla in WA. We use Meyka AI data to connect the volume spike to technical and fundamental signals and set practical price targets for short-term trading and risk management.