What drove the BME.AX stock jump today?

The BME.AX stock jump was driven by a large volume spike of **2,369,842.00** shares versus an average of **592,249.00**. There was no earnings release, so activity likely came from momentum trading or renewed interest in Project Valhalla.

What is Meyka AI’s grade and forecast for BME.AX?

Meyka AI rates BME.AX **60.82/100**, Grade **B**, suggestion **HOLD**. Meyka AI's forecast model projects **A$0.014** in 12 months, implying about **75.00%** upside versus **A$0.008** today. Forecasts are model projections, not guarantees.

Is BME.AX a good long-term investment?

BME.AX is a speculative microcap with negative earnings and small market cap **A$3,065,792.00**. Long-term viability depends on project financing and exploration success. Investors should treat it as high risk and monitor official updates closely.

AU Stocks

Up 33.33%: BME.AX Black Mountain Energy Ltd ASX high-volume mover 18 Feb 2026

ByDanny Kontos February 18, 2026February 18, 2026

The BME.AX stock surged 33.33% to A$0.008 on heavy volume at the ASX today. Trade volume hit 2,369,842.00 shares versus an average of 592,249.00, signalling strong retail or speculative interest. This action followed the stock opening at A$0.006 and hitting an intraday high of A$0.008. We review the drivers behind the move, how fundamentals look for Black Mountain Energy Ltd (ASX: BME.AX), and what the new trading profile means for short-term liquidity and longer-term value.