Why did 8059.HK stock spike intraday today?

8059.HK stock spiked due to a volume surge to **10,730,000** shares, above the average **1,834,649**, which amplified short-term buying and pushed price to **HKD 0.043**.

What is Meyka AI’s short-term forecast for 8059.HK stock?

Meyka AI's monthly forecast for 8059.HK stock is **HKD 0.040** and the one-year model projects **HKD 0.02991**, a model-based view that is not a guarantee.

Is 8059.HK stock cheap on valuation?

Relative to sales and cash flow, 8059.HK stock has low multiples: price-to-sales **0.33** and price-to-free-cash-flow **2.10**, but negative profitability and leverage risks complicate the valuation case.

What grade does Meyka AI give 8059.HK stock?

Meyka AI rates 8059.HK with a score of **70.34/100**, grade **B+** with a **BUY** suggestion, based on multiple comparative and financial factors. This is informational only.

HK Stocks

8059.HK Glory Flame (HKSE) intraday +38.71% 18 Mar 2026: volume signals shift

ByDanny Kontos March 18, 2026

The 8059.HK stock jumped 38.71% intraday on 18 Mar 2026, trading at HKD 0.043 as volume surged to 10,730,000 shares. This move makes Glory Flame Holdings Limited (8059.HK) one of today’s high-volume movers on the HKSE. The spike follows a persistent rise from the 50-day average HKD 0.03114 and clears the 200-day average HKD 0.02092, suggesting renewed trader interest. We summarise the price action, valuation, technical signals and Meyka AI’s grade and forecasts to help assess whether this is a short squeeze or a start of a sustained recovery.