MSI.AX Multistack (ASX) volume spike 28 Feb 2026: watch liquidity for short-term pivot

MSI.AX stock registered a large intraday volume spike on 28 Feb 2026 with 612,428 shares traded while the price held at A$0.005. The trading volume was about 38.84x the 50-day average, an unusual liquidity event for Multistack International Limited on the ASX. We examine whether this is a short-term momentum move, a liquidity-driven re-rating, or noise ahead of clearer directional signals.