What caused the REC.AX stock jump today?

REC.AX stock rose on heavy volume and speculative trading after increased web coverage and short-covering. There was no named corporate announcement; momentum came from market chatter and elevated buying pressure.

What is the Meyka grade for REC.AX stock and what does it mean?

Meyka AI rates REC.AX **57.74 out of 100 (Grade C+) — Suggestion: HOLD**. The grade weighs benchmark and sector comparisons, financial growth, key metrics, forecasts and analyst signals. It is informational, not investment advice.

What price target and forecast does Meyka AI give for REC.AX stock?

Meyka AI's forecast model projects a one-month target of **A$0.02**, implying about **-61.54%** from **A$0.052**. Scenario targets: conservative **A$0.01**, base **A$0.03**, optimistic **A$0.06**. Forecasts are model-based projections, not guarantees.

Should I trade REC.AX stock after today’s move?

For traders, REC.AX stock may offer short-term setups on pullbacks to **A$0.03–A$0.04** with tight stops. For longer-term investors, wait for clear exploration or funding catalysts given low revenue and negative EPS.

AU Stocks

REC.AX up 136% to A$0.052 on ASX (23 Feb 2026): Volume surge points to short-term momentum

ByHuzaifa Zahoor February 23, 2026February 23, 2026

REC.AX stock led ASX top gainers on 23 Feb 2026, rising 136.36% to A$0.052 on heavy volume of 33,782,931 shares. The spike followed weekend market chatter and high short-interest pressure, pushing the price from a previous close of A$0.022 to a day high of A$0.060. In this report we explain what moved Recharge Metals Limited (REC.AX) today, connect the move to company fundamentals and technicals, and give an analyst-style outlook for traders and longer-term investors.