What drove the SHE.AX stock rise on 18 Mar 2026?

The gain was driven by heavy volume of **10,989,852** shares and short-term buying interest; there was no single public catalyst. Microcap flows and speculative trading pushed SHE.AX stock from **A$0.008** to **A$0.009**.

What is Meyka AI’s forecast for SHE.AX stock?

Meyka AI's forecast model projects a monthly target of **A$0.01** and a yearly projection of **A$0.00425**. That implies a near-term upside of **+11.11%** and a longer-term downside risk around **-52.84%**.

How risky is investing in SHE.AX stock?

SHE.AX is a microcap with market cap **A$5,475,681**, high intraday volatility and modest liquidity. Operational losses and a concentrated US asset base increase risk, so size positions small and use strict risk controls.

Does SHE.AX pay dividends or have strong cash?

Stonehorse currently reports no dividend yield. Cash per share is **A$0.00959**, which offers limited buffer; free cash flow is positive on a per-share basis but net income remains negative TTM.

AU Stocks

SHE.AX Stonehorse Energy ASX up 28.57% to A$0.009 on 18 Mar 2026: outlook

ByDanny Kontos March 18, 2026March 18, 2026

SHE.AX stock jumped 28.57% to A$0.009 at market close on 18 Mar 2026, driven by a surge in trading volume of 10,989,852 shares. Market participants on the ASX pushed the price from an open of A$0.008 to a day high of A$0.009, above its 50-day average of A$0.00641. This intraday move places Stonehorse Energy Limited (SHE.AX) among today’s top gainers and raises near-term questions about liquidity, valuation and catalysts for the small-cap oil and gas explorer listed in Australia.