What caused the REC.AX stock spike today?

The intraday spike to A$0.04 on 20 Feb 2026 was driven by heavy volume of 36,601,955 shares versus an average of 304,663, likely retail flow, short-covering, or speculative buy interest.

What is Meyka AI’s view on REC.AX stock price direction?

Meyka AI's model projects a monthly level of A$0.02, implying a 50.00% downside from A$0.04. The firm gives REC.AX a C+ grade and a HOLD suggestion based on metrics and sector context.

What are key support and resistance levels for REC.AX stock?

Watch intraday support near A$0.028 and resistance at today’s high of A$0.045. A short-term trading band to monitor is A$0.02–A$0.06 depending on news flow.

Should investors treat REC.AX stock as long-term buy?

REC.AX is an exploration-stage company with negative EPS and a small market cap. Long-term positions need clear funding plans and positive drilling results before considering accumulation.

AU Stocks

REC.AX up 81.82% intraday to A$0.04 Feb 2026: heavy volume signals interest

ByDanny Kontos February 20, 2026February 20, 2026

The REC.AX stock jumped 81.82% intraday to A$0.04 on heavy trading volume on 20 Feb 2026. This midday spike followed an open at A$0.03 and a previous close of A$0.02, with volume at 36,601,955 shares versus an average of 304,663. The move makes REC.AX one of today’s high volume movers on the ASX and forces a quick re-check of technicals, liquidity and short-term catalysts.