Why did M2R.AX stock rise today?

M2R.AX stock rose **25.00%** on 20 Feb 2026 due to renewed market interest in Miramar’s Western Australia exploration assets. No formal drill release was published at close, so the move likely reflects market speculation and thin liquidity.

What are the main valuation metrics for M2R.AX stock?

Key metrics: price **A$0.005**, EPS **-0.01**, PE **-0.50**, price to book **0.33**, market cap **A$5,637,715.00**. These show a low valuation tied to negative earnings and exploration status.

What target should investors use for M2R.AX stock?

Use scenario targets. Base **A$0.008**, bull **A$0.012**, bear **A$0.003**. Meyka AI’s model projects **A$0.010** over 12 months. Forecasts are projections, not guarantees.

How does sector performance affect M2R.AX stock?

Miramar trades within Basic Materials. Sector strength today (+1.14%) supported small explorers. Sector moves can amplify microcap swings because of correlated sentiment and commodity cycles.

AU Stocks

Miramar Resources (M2R.AX ASX) up 25% on 20 Feb 2026: exploration catalyst ahead

ByDanny Kontos February 20, 2026February 20, 2026

M2R.AX stock jumped 25.00% to A$0.005 at market close on 20 Feb 2026. The move made Miramar Resources Limited (ASX: M2R.AX) one of today’s top gainers on the ASX. Volume reached 502,528 shares versus a 50-day average of 5,464,576.00 shares, suggesting targeted buying. The basic materials sector strengthened today, helping small explorers outperform. We review what drove the rally, the company’s key metrics, and scenario price targets for Australian investors.