Why did BME.AX stock jump today?

The intraday rise to **A$0.008** came with **2,369,842.00** shares traded, far above average. Heavy volume suggests event-driven buying or speculative interest. With no public earnings release, market participants likely reacted to exploration or sector news and short-covering.

What are the main risks for BME.AX stock?

Major risks include negative earnings (**EPS -0.020**), limited free cash flow, and small market cap (**A$3,065,792.00**). Asset concentration in EP 371 means exploration setbacks could hurt the stock rapidly.

What price targets exist for BME.AX stock?

Meyka AI’s model projects a 12-month target of **A$0.018** (implied upside **125.00%**) and a 3-month tactical target of **A$0.012** (implied upside **50.00%**). These are model projections and not guarantees.

How should traders approach BME.AX stock intraday?

Use tight risk controls. Watch support at **A$0.006** and intraday resistance near **A$0.012**. High relative volume improves liquidity but raises volatility, so limit position size and set stop-loss orders.

AU Stocks

33% intraday rise to A$0.008 for BME.AX Black Mountain Energy ASX: Volume spike suggests momentum

ByDanny Kontos February 14, 2026

A heavy intraday surge pushed BME.AX stock up 33.33% to A$0.008 on 14 Feb 2026, driven by a volume spike of 2,369,842 shares compared with an average of 592,249. Traders flagged the jump after the stock opened at A$0.006 and reclaimed its day high at A$0.008. The move stands out in the ASX Energy sector, where the average 1-day performance is negative. We unpack liquidity, valuation and catalysts that explain today’s high-volume move and what it means for short-term trading and a 12-month outlook.