Why did OXX.AX stock spike in pre-market volume?

A volume spike to **29,500** shares likely reflects a liquidity event or news flow interest in Octanex Limited ahead of the ASX open; thin average volume (**500**) magnifies impact. Check corporate announcements and ASX filings for confirmations.

What are the key price levels for OXX.AX stock today?

Key levels: immediate support **A$0.006**, resistance near **A$0.01** and the 52-week high **A$0.02**; failure of **A$0.006** could test **A$0.003**. Use tight risk controls due to low market cap and volatility.

How does the Meyka AI forecast treat OXX.AX stock?

Meyka AI's forecast model gives a 12-month base-case **A$0.012** target (+100.00%) and a downside of **A$0.003** (‑50.00%). These are model projections and not guarantees; factor in negative EPS and cash metrics.

Is OXX.AX stock suitable for long-term portfolios?

OXX.AX stock is a micro-cap exploration play with negative earnings, limited cash and high volatility; it may suit speculative allocations but not core long-term holdings without positive resource results or financing clarity.

AU Stocks

29,500 volume spike: OXX.AX Octanex pre-market 07 Feb 2026, A$0.006 support

ByDanny Kontos February 7, 2026February 7, 2026

A pre-market volume spike registered 29,500 shares in OXX.AX stock (Octanex Limited) on 07 Feb 2026, trading at A$0.006. That is 59.00x the stock daily average volume of 500, signalling a short-term liquidity event ahead of the ASX open in Australia. The move comes while Octanex shows a market cap of A$1,553,868.00, EPS -0.01 and PE -0.60, so price moves can be large on small flows. We analyse why the volume matters, how it links to valuation and where short-term support and model targets sit for traders.