1738.HK Feishang Anthracite (HKSE) pre-market -16.67% 06 Feb 2026: liquidity risk

We see 1738.HK stock drop -16.67% in pre-market trade to HKD 0.105 on 06 Feb 2026, marking a sharp short-term move for Feishang Anthracite Resources Limited on the HKSE in Hong Kong. The fall follows thin volume and weak fundamentals. Trading volume is 715000 against a 50-day average of 2,878,806, highlighting liquidity pressure. For investors focused on small-cap coal names, this pre-market fall raises near-term risk while offering a clear entry/exit signal for active strategies.