Pre-Market 15 Jan 2026: 0661.HK China Daye (HKSE) up 57.02% to HK$0.19 on heavy volume: watch liquidity
The 0661.HK stock action grabs attention pre-market after China Daye Non-Ferrous Metals Mining Limited (0661.HK) on the HKSE rose to HK$0.19 (+57.02%) on unusually high turnover. Volume hit 353,768,000.00 shares, roughly 3.24x the average, driving a sharp gap from the prior close of HK$0.12. Traders should note the move while weighing the company’s heavy leverage and negative EPS, since volume-driven spikes often precede volatile sessions.
Price and volume snapshot for 0661.HK stock
China Daye (0661.HK) opened HK$0.165 and traded between HK$0.165 and HK$0.195 pre-market, settling near HK$0.19. The one-day change is +57.02%, with reported volume at 353,768,000.00 versus an average volume of 86,604,092.00, giving a relative volume of 2.72. Market capitalisation stands near HK$2,630,650,217.00 and shares outstanding equal 17,895,579,706.00.
Why volume surged: drivers behind the 0661.HK stock move
The spike appears driven by liquidity and short-covering rather than new earnings; no fresh earnings release is linked to this pre-market surge. China Daye’s active trading follows recent commodity price swings in copper and by-product metals, which often lift copper-mining names in Hong Kong. Watch official company announcements and HKSE filings to confirm any material disclosures that could justify sustained gains.
Fundamentals and valuation for China Daye Non-Ferrous (0661.HK stock)
On fundamentals, EPS is -0.00340 and reported PE is -43.26, reflecting recent losses. Key ratios: Price/Book = 0.86, Price/Sales = 0.05, and Debt/Equity = 5.64, signalling heavy leverage. Free cash flow yield is strong at 38.41%, but interest coverage is weak at 0.55. These figures show low market valuation but elevated financial risk in HKD terms.
Technical setup and trading signals for 0661.HK stock
Short-term indicators show momentum: RSI 64.55 and CCI 128.78 point to strong buying pressure. Price sits above the 50-day average (HK$0.10) and 200-day average (HK$0.07). ADX 33.40 suggests a strong trend, but MFI 78.26 flags overbought conditions. Traders should use tight risk controls; breakbacks below HK$0.165 would indicate loss of momentum.
Meyka AI rating and forecast for 0661.HK stock
Meyka AI rates 0661.HK with a score of 58.55 out of 100: Grade C+, Suggestion HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus. Meyka AI’s forecast model projects quarterly HK$0.14 and yearly HK$0.08677, implying downside versus the current HK$0.19. Forecasts are model-based projections and not guarantees.
Risks and sector context for 0661.HK stock
China Daye sits in Basic Materials, Copper industry, where sector averages include higher net margins and lower leverage. Key risks: commodity price swings, high debt-to-equity (5.64), and weak interest coverage. Opportunities include potential upside from higher copper prices and operational cash flow. Compare sector peers before allocating capital and treat spikes driven by volume as transient until confirmed by fundamentals.
Final Thoughts
Key takeaways on the 0661.HK stock: the pre-market rise to HK$0.19 (+57.02%) on 353,768,000.00 shares marks a clear high-volume mover in the Hong Kong market. Short-term technical momentum is strong, but fundamentals show negative EPS (-0.00340), elevated leverage (debt/equity 5.64), and limited interest coverage. Meyka AI’s forecast model projects a quarterly price of HK$0.14 and a one-year figure of HK$0.08677, implying potential downside versus the current price; forecasts are model-based projections and not guarantees. Given the stock’s low price, high turnover, and commodity exposure, active traders may treat today’s move as a trading event while longer-term investors should await clearer earnings or operational improvements. For quick verification of announcements, check company filings and trusted market news before acting. Meyka AI provides this as AI-powered market analysis platform input, not investment advice.
FAQs
What drove the pre-market spike in 0661.HK stock?
The pre-market spike in 0661.HK stock looks driven by heavy volume and short covering amid commodity price moves. No confirmed earnings release matched the surge pre-market; check HKSE company filings for official announcements.
How risky is 0661.HK stock after the 57.02% move?
0661.HK stock remains high risk: EPS is -0.00340, debt/equity is 5.64, and interest coverage is 0.55. The surge is volume-driven and could reverse quickly without fundamental confirmation.
What is Meyka AI’s price outlook for 0661.HK stock?
Meyka AI’s forecast model projects quarterly HK$0.14 and yearly HK$0.08677 for 0661.HK stock. These are model-based projections and not guarantees; they suggest downside risk from the current HK$0.19 level.
Should I trade 0661.HK stock on this pre-market move?
If you trade 0661.HK stock, use strict risk controls. Volume and momentum give short-term opportunity, but fundamentals and high leverage support a cautious approach. Confirm any company news first.
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.
