Why did PET.AX stock fall pre-market on 09 Jan 2026?

PET.AX stock fell **-23.53%** pre-market to **A$0.013** on heavy volume (3,999,199 shares). The move reflects microcap volatility, low liquidity, and profit-taking rather than a single public announcement.

What is Meyka AI’s view on PET.AX stock?

Meyka AI rates PET.AX **65.99 (B, HOLD)**. The grade considers benchmark and sector comparisons, key metrics, growth prospects and model forecasts; it is informational and not financial advice.

What price targets and forecast does Meyka AI give for PET.AX stock?

Meyka AI’s forecast model projects **monthly A$0.02** (+53.85% vs A$0.013) and **quarterly A$0.01** (-23.08%). Scenario targets: Bear A$0.006, Base A$0.013, Bull A$0.020; forecasts are not guarantees.

How should investors approach trading PET.AX stock?

Treat PET.AX as a high‑risk microcap: use small position sizes, limit orders, and monitor volume and cash flow updates. Confirm project revenue before adding exposure for longer-term holdings.

AU Stocks

PET.AX down 23.53% pre-market, Phoslock Environmental (ASX) 09 Jan 2026: Watch liquidity

ByDanny Kontos January 9, 2026January 9, 2026

PET.AX stock opened the ASX pre-market session sharply lower, trading at A$0.013 on 09 Jan 2026 after a -23.53% move from the previous close of A$0.017. Volume spiked to 3,999,199 shares, more than three times the average of 301,748, making PET.AX one of the top losers in the pre-market session. This drop follows weak microcap trading patterns and positions Phoslock Environmental Technologies Limited for higher short-term volatility. We examine price drivers, balance-sheet metrics, technicals, Meyka AI grading, and scenario price targets to help frame the PET.AX stock outlook on ASX in AUD.