C1X.AX falls 26% to A$0.085 on ASX close: forecast shows 52.94% upside
C1X.AX stock led ASX decliners on 14 Jan 2026 after the Cosmos Exploration Limited share price slid to A$0.085, down 26.09% on heavy turnover of 2,236,677 shares. The drop followed a gap lower from an open of A$0.093 to a day low of A$0.085, leaving the stock below its 50-day average of A$0.08879. Investors in this Australia-listed, basic materials explorer should weigh short-term liquidity and development risks against the company’s exploration pipeline and near-term model forecasts.
C1X.AX stock: market close and top loss drivers
Cosmos Exploration Limited (C1X.AX) ended the ASX session at A$0.085, a decline of A$0.030 or -26.09% from the previous close of A$0.115. Volume surged to 2,236,677 versus an average of 631,712, giving a relative volume of 6.35, which indicates outsized trading pressure.
The intraday range was A$0.085–A$0.093 with the stock trading nearer its year low of A$0.039 than its year high of A$0.145. The move places C1X.AX among the ASX top losers for the session and signals heightened short-term volatility on the Australia market close.
C1X.AX stock news and operational catalysts
Cosmos Exploration (C1X.AX) focuses on gold, nickel, copper and PGE exploration at Byro East (WA) and Orange East (NSW); there were no new ASX announcements that explain today’s sell-off. Investors should check the company website for project updates and drill plans source.
Exploration names often move on permit notices, drilling results or funding news. In the absence of fresh releases, today’s volume spike suggests position adjustments by traders or stop-based selling rather than company-specific operational news.
C1X.AX stock fundamentals and valuation
On fundamentals, Cosmos Exploration reports EPS of -A$0.05 and a trailing PE of -1.84, reflecting negative earnings while the price-to-book is about 2.52. Market capitalisation stands near A$9,978,927 with 108,466,602 shares outstanding, and a cash-per-share metric of A$0.00766 suggests limited working capital per share.
Key ratios include a current ratio of 6.39 and no reported debt, which supports short-term solvency. However, negative ROE of -97.52% and operating cash flow per share of -A$0.01625 underline ongoing cash burn and exploration funding needs.
C1X.AX stock technicals and trading activity
Technically, C1X.AX shows an RSI of 62.08 and an ADX of 42.62, indicating a strong short-term trend despite today’s drop. The 50-day average is A$0.08879 while the 200-day average is A$0.07436, so price sits between these means.
Volume-based indicators show OBV at 2,779,516 and a high relative volume, signalling large flows. Short-term support to watch is A$0.06 and immediate resistance sits near A$0.10; a break below support or above resistance will set the next directional bias on ASX trading.
Meyka AI rates C1X.AX with a score out of 100
Meyka AI rates C1X.AX with a score out of 100: the model returns a score of 59.25 (Grade C+) and a HOLD suggestion. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a monthly price of A$0.13 and a quarterly price of A$0.11. Versus the current price of A$0.085, the monthly projection implies an upside of +52.94% and the quarterly projection implies +29.41%. Forecasts are model-based projections and not guarantees.
C1X.AX stock outlook, price targets and risks
Analyst coverage is thin; a recent composite rating noted a company score of C- with a recommendation leaning towards sell on fundamental metrics. For traders, a conservative near-term price target is A$0.06 (support) and a recovery target aligned with the Meyka monthly forecast is A$0.13.
Primary risks include funding dilution, unsuccessful drilling, and commodity-price swings in gold and nickel. Opportunities would require positive drill results or fresh capital that extends exploration work; both outcomes would materially change the risk-reward profile on the ASX market.
Final Thoughts
C1X.AX stock ended the ASX session on 14 Jan 2026 at A$0.085, down 26.09% on heavy volume, signalling short-term selling pressure. Fundamentals show negative earnings (EPS -A$0.05), a trailing PE of -1.84, and a price-to-book near 2.52, while the balance sheet shows a healthy current ratio but limited cash per share. Meyka AI’s model projects a monthly target of A$0.13, an implied +52.94% upside from the current price, and a quarterly target of A$0.11 (implied +29.41%). These model outputs are conditional and not guarantees. Given the high relative volume, limited analyst coverage, and exploration-stage risks, active traders may find short-term volatility opportunities, while longer-term investors should await clearer drill results or a funding update. For more company-level detail see the Cosmos site source and the ASX company page for market notices.
FAQs
What drove the sharp fall in C1X.AX stock today?
C1X.AX stock fell on heavy trading and a gap down at open; there were no immediate ASX announcements. High relative volume and stop-loss selling likely amplified the move while investors awaited drilling or funding updates.
What is the Meyka AI forecast for C1X.AX stock?
Meyka AI’s forecast model projects a monthly price of A$0.13 and a quarterly price of A$0.11 for C1X.AX stock, implying +52.94% and +29.41% from A$0.085 respectively. Forecasts are projections, not guarantees.
Should I buy C1X.AX stock after the drop?
Buying depends on risk tolerance. C1X.AX stock is an exploration-stage play with negative EPS, thin coverage and dilution risk. Traders may use technical support/resistance; long-term investors should await positive drill results or funding clarity.
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.
