PEK.AX Peak Rare Earths ASX closed 18 Mar 2026: oversold bounce at A$0.44, 48% potential

PEK.AX stock closed the ASX session on 18 Mar 2026 at A$0.44, signaling an oversold bounce after heavy trading volume of 7,870,913 shares. The rise follows a strong relative volume spike versus the 50-day average of A$0.35, and positions Peak Rare Earths Limited for a near-term technical recovery. Investors should weigh the bounce against weak earnings (EPS -0.04) and a negative PE. We examine the drivers, valuation, and a model-based forecast for this Basic Materials explorer on the ASX in Australia.