What moved the price of BME.AX stock today?

BME.AX stock rose on heavy intraday volume of **2,369,842** shares, a 4.00x surge versus average volume. Micro-cap repositioning and speculative trading around exploration news often trigger these moves.

What is Meyka AI's price forecast for BME.AX stock?

Meyka AI's forecast model projects a 12-month base-case of **A$0.014**, implying **75.00%** upside from **A$0.008**. Forecasts are model-based projections and not guarantees.

How do BME.AX financials compare with Energy peers?

BME.AX shows negative EPS **-0.02** and PE **-0.40**, versus an Energy sector average PE of **16.16**. The company’s high current ratio **7.11** and low market cap reflect early-stage exploration status.

Is BME.AX stock liquid enough for trading?

Liquidity is limited at small sizes; average volume **592,249** is small but today’s surge to **2,369,842** provided trading opportunities. Expect volatility and wide spreads at A$0.008 levels.

AU Stocks

BME.AX Black Mountain Energy (ASX) +33.33% intraday: volume spike, watch liquidity

ByDanny Kontos February 25, 2026

BME.AX stock jumped 33.33% intraday to A$0.008 on heavy turnover, trading 2,369,842 shares by mid-session on the ASX in Australia. The move lifted volume to roughly 4.00x the average, signalling active repositioning among small-cap energy traders. We focus on what drove the spike, how fundamental metrics stack up, and where short-term price catalysts sit for Black Mountain Energy Ltd (BME.AX).