HLX.AX Helix Resources (ASX) pre-market jump 50% on heavy volume: watch key levels 25 Feb 2026

HLX.AX stock opened the ASX pre-market sharply higher, trading at A$0.0015 after a +50.00% intraday rise. Volume spiked to 24,863,257 shares, well above the 50-day average. This article breaks down the drivers, valuation, technical levels, and our model forecast. We flag the microcap risks and short-term trading levels for Australia-listed investors.