Why did CHK.AX stock jump pre-market on 13 Mar 2026?

The pre-market jump followed a large volume spike of **35,069,450** shares and block buying. For exploration juniors, that volume often reflects speculative buying or early-stage news flow rather than confirmed production updates.

What are the main valuation metrics for CHK.AX stock?

Cohiba has a market cap of **A$21,482,900.00**, price-to-book of **0.85**, and book value per share **A$0.00586**. P/E is N/A because the company reports no operating earnings.

What is Meyka AI’s view and forecast for CHK.AX stock?

Meyka AI rates CHK.AX **58.67 (C+)** with a HOLD suggestion. Meyka AI's forecast model projects **A$0.012** in 12 months. Forecasts are model-based projections and not guarantees.

How should traders manage risk in CHK.AX stock after the volume spike?

Manage risk with small position sizes, firm stop-loss levels below **A$0.004**, and monitor daily volume. Expect wide intraday swings due to thin liquidity and potential dilution events.

AU Stocks

CHK.AX Cohiba Minerals (ASX) +66.67% pre-market 13 Mar 2026: watch volume

ByDanny Kontos March 12, 2026

CHK.AX stock surged 66.67% in pre-market trade on 13 Mar 2026 on a volume spike of 35,069,450 shares. The jump pushed the price to A$0.005 from yesterday’s close of A$0.003 on the ASX. This move makes CHK.AX a top high-volume mover in the Basic Materials sector in Australia. We examine drivers behind the jump, key financial ratios, liquidity signals and a short-term price outlook for traders and investors.