CHK.AX Cohiba Minerals (ASX) up 66.67% intraday on 35.07M volume: key catalyst

CHK.AX Cohiba Minerals (ASX) up 66.67% intraday on 35.07M volume: key catalyst

CHK.AX stock is trading sharply higher intraday after a 66.67% move to A$0.005 on 35,069,450 shares, driven by heavy retail interest and exploration news flow. We track the jump on the ASX and link the move to trading volume that is 11.33x the 50-day average. The Basic Materials sector is firmer today, supporting small-cap explorers. This intraday spike changes the short-term technical picture and raises questions about liquidity, dilution risk and near-term catalysts for Cohiba Minerals Limited (CHK.AX) on the ASX.

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