SRN.AX Surefire Resources ASX down 25% 13 Jan 2026: liquidity check
SRN.AX stock plunged 25.00% to A$0.0015 at market close on the ASX on 13 Jan 2026. The fall left volume thin at 40,833 shares versus an average daily volume of 8,542,023, underscoring weak liquidity and outsized price moves in the Basic Materials sector. Investors should note the market cap sits near A$6,038,414, with shares outstanding 4,025,609,250, and no reported EPS or PE multiple. This note reviews drivers of the sell-off, valuation metrics, Meyka AI grade, and a short-term forecast for Surefire Resources NL (SRN.AX).
SRN.AX stock price action and trading details
SRN.AX stock closed at A$0.0015, down 0.0005 or 25.00% on 13 Jan 2026. The intraday range was A$0.0010 to A$0.0015, with the previous close at A$0.0020. Volume was 40,833, a fraction (relVolume 0.00478) of the 50-day average, which amplifies volatility for small-cap explorers.
One-day and month-to-date moves both show a -25.00% return, while the 12-month change is -50.00%, reflecting steep multi-period declines. Traders should treat intraday fills cautiously given the low liquidity and high share count.
Valuation and fundamentals for Surefire Resources NL (SRN.AX) on the ASX
Surefire Resources NL (SRN.AX) reports a market cap of A$6,038,414 and book value per share of A$0.00140076. Key ratios show a PB ratio near 1.07, price-to-sales 13.75, and negative earnings metrics with a trailing PE listed as not applicable. Operating cash flow per share is -0.00062189, and free cash flow per share is -0.00098341.
The company is an ASX-listed mineral explorer in Western Australia focused on gold, copper, vanadium and iron. With only 2 full-time employees reported, operating scale is minimal and operations are capital intensive, which explains the thin current-ratio (0.04) and cash tightness.
Technicals, liquidity and trading risks for SRN.AX stock
Technically, SRN.AX shows low liquidity and wild percentage moves. The 50-day average price is A$0.00197 and the 200-day average is A$0.00209, both above the current close, indicating a downtrend context. Relative Strength Index is 51.49, while ADX reads 64.10, signaling a strong trend but built on low-volume trading.
Average daily volume of 8,542,023 compared with today’s 40,833 underscores execution risk. Large orders can move price materially; stop-loss slippage and market-impact costs are high for institutional-size trades.
Meyka AI grade and SRN.AX stock forecast
Meyka AI rates SRN.AX with a score out of 100: 63.76 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects weak liquidity and negative cash flows balanced by low debt and some resource upside.
Meyka AI’s forecast model projects a near-term 3-month model price of A$0.0010 (implied downside -33.33% from A$0.0015) and a 12-month projection of A$0.0040 (implied upside +166.67%). Forecasts are model-based projections and not guarantees. Investors should weigh forecast volatility and the speculative nature of junior explorers.
Risks, catalysts and SRN.AX stock opportunities
Primary risks include continued low cash reserves (cash per share 0.00013968), negative operating cash flow, and limited corporate scale. A low current ratio (0.04) raises short-term liquidity concerns. Commodity price moves or positive drill results would be required to materially improve fundamentals.
Catalysts that could reverse the downtrend include exploration success, JV announcements, or capital raises that improve liquidity. Conversely, diluted share issuance or weak drilling outcomes are immediate downside triggers for SRN.AX stock.
Analyst context, sector trends and trading guidance for SRN.AX
SRN.AX sits in the Basic Materials sector where investor interest is driven by commodity cycles. Recent sector comparisons show small-cap explorers underperforming larger miners, which pressures SRN.AX’s valuation multiples. External news mentions competitor comparisons on market data platforms source.
For traders, we advise limit orders, strict position sizing, and consideration of liquidity when entering SRN.AX positions. For longer-term investors, monitor quarterly updates and the scheduled earnings/announcement window in March 2026.
Final Thoughts
SRN.AX stock closed the ASX session on 13 Jan 2026 at A$0.0015, down 25.00% on very light volume. Fundamentals show negative operating cash flow and a tight cash runway with a market cap of A$6,038,414, while valuation metrics (PB ~1.07, P/S ~13.75) reflect speculative explorer status. Meyka AI rates SRN.AX 63.76/100 (B) with a HOLD suggestion and projects a near-term model price of A$0.0010 and a 12-month projection of A$0.0040, equating to potential downside -33.33% and upside +166.67% respectively. These forecasts are model-based projections and not guarantees. Key takeaways: liquidity risk is the dominant concern, meaningful upside depends on positive exploration or financing news, and execution costs make larger trades risky. Monitor the company’s next announcements and sector moves before increasing exposure to SRN.AX stock. Meyka AI provides this analysis as an AI-powered market analysis platform, not personalised financial advice.
FAQs
Why did SRN.AX stock drop 25% on 13 Jan 2026?
The drop was driven by very low liquidity (volume 40,833 vs avg 8,542,023) and weak fundamentals. Small-cap explorer status and no EPS pushed sellers to exit, amplifying the fall in SRN.AX stock.
What is Meyka AI’s view on SRN.AX stock?
Meyka AI rates SRN.AX at 63.76/100 (B) with a HOLD suggestion. The model cites tight cash, negative cash flow and speculative upside tied to exploration success for SRN.AX stock.
What price targets and risks apply to SRN.AX stock?
Meyka AI projects A$0.0010 (3 months) and A$0.0040 (12 months). Risks include liquidity strain, possible dilution, and poor drill results, which could push SRN.AX stock lower.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
