What caused the CGO.AX stock volume spike today?

The spike to **459,201** shares likely reflects concentrated trading, short-covering or a near-term news trigger. No public ASX announcement matched the spike at time of writing, so traders should watch the company site and the upcoming earnings on 26 Feb 2026 for confirmation.

Is CGO.AX stock a buy after this volume surge?

For traders, a confirmed close above **A$0.09** with high volume can be a short-term trade. For investors, Meyka AI rates CGO.AX B (HOLD) and forecasts suggest downside over 12 months. Size positions small and prioritise liquidity and fundamentals.

What are realistic price targets and stops for CGO.AX stock?

Near-term price target is **A$0.10**, tactical upside to **A$0.12** is speculative. Use a stop-loss near **A$0.06** due to high intraday volatility and low market cap. Adjust risk sizing for thin liquidity.

How does Meyka AI view CGO.AX stock longer term?

Meyka AI's forecast model projects one-year **A$0.05573** and three-year **A$0.02693**, implying material downside versus the current **A$0.083**. These are model projections, not guarantees, and depend on revenue and margin recovery.

AU Stocks

Volume spike to 459,201 at CGO.AX CPT Global (ASX) 12 Feb 2026: watch breakout

ByDanny Kontos February 12, 2026February 12, 2026

CGO.AX stock saw an intraday volume spike of 459,201 shares on 12 Feb 2026, pushing price activity into focus on the ASX. The stock traded between A$0.08 (day high) and A$0.08 (day low) after opening at A$0.08, while average daily volume is 18,358. The surge gives traders a short-term trade signal and raises questions about liquidity, near-term catalysts and whether the spike reflects new client wins or short-covering.