What drove OEL.AX stock higher today?

OEL.AX rose **25.00%** mainly from momentum and sector reallocation in small-cap energy names rather than a single company announcement. Low liquidity and short covering amplified the move.

What is Meyka AI's rating for OEL.AX?

Meyka AI rates OEL.AX **70.42 / B+ — BUY**. The grade factors S&P 500 comparison, sector and industry metrics, financial growth and analyst signals. This is informational only.

What short-term price targets exist for OEL.AX stock?

Meyka AI's model projects a **monthly** level of **A$0.010** and a **yearly** level of **A$0.00387**. Traders often use nearer targets like **A$0.007** for tactical exits; forecasts are model-based, not guaranteed.

How risky is investing in OEL.AX?

OEL.AX is high risk due to micro-cap size (market cap **A$21.58m**), low liquidity and exposure to commodity cycles. Operational and project execution risks in the Gulf are additional considerations.

AU Stocks

OEL.AX rises 25.00% to A$0.005 at ASX close: model shows A$0.01 potential

ByHuzaifa Zahoor January 9, 2026January 9, 2026

OEL.AX stock led ASX top gainers on 09 Jan 2026, rising 25.00% to A$0.005 on volume 1,405,177 as the market closed. This single-day move pushed Otto Energy Limited (OEL.AX) back above its 50-day average and made it one of the stronger performers in the ASX energy cohort.
Otto Energy Limited is an Australian oil and gas explorer with North American Gulf positions. The price action follows light trading earlier in the year and leaves short-term momentum and model forecasts in focus for traders and investors.