NC1.AX NICO Resources ASX up 36.73% pre-market Jan 16 2026: watch A$0.35
NC1.AX stock surged 36.73% to A$0.335 in pre-market trading on 16 Jan 2026, driven by heavy volume and a break above the session open. This move pushed intraday range to A$0.24–A$0.35, near the one-year high of A$0.35. Traders are watching short-term resistance at A$0.35 and support near the open at A$0.245. We summarise the technical drivers, fundamentals, Meyka AI grade and realistic price targets for NICO Resources Limited (ASX: NC1.AX) to help frame the top-gainer move.
NC1.AX stock: Pre-market move and volume drivers
NC1.AX stock led gains in the Basic Materials sector pre-market, jumping to A$0.335 on 1,384,010 shares traded versus an average of 198,668. That is a relative volume of ~6.97x, signalling aggressive buying interest. The stock opened at A$0.245, reversed higher and tested the session high at A$0.35.
NC1.AX stock: Technical snapshot and trend levels
Momentum indicators show strength: RSI 66.41, ADX 37.11 (strong trend) and MACD histogram positive. Short-term moving averages are well below the price, with 50-day average at A$0.12 and 200-day at A$0.11. Key levels: immediate resistance A$0.35, nearest support A$0.24, and trend support near A$0.12.
NC1.AX stock: Fundamentals, valuation and sector context
NICO Resources (NC1.AX) is in Basic Materials with a market cap of A$41,660,085.00 and EPS -A$0.01, giving a trailing PE of -33.50. Price-to-book is 1.99 and current ratio stands at 11.04, indicating a strong short-term liquidity buffer. The Basic Materials sector YTD is up 9.1%, so NC1.AX moves are occurring inside a broadly positive commodity cycle.
NC1.AX stock: Meyka AI grade and what it means
Meyka AI rates NC1.AX with a score out of 100: 58.16 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The score balances strong technical momentum and liquidity against negative EPS and elevated volatility. These grades are not guaranteed and we are not financial advisors.
NC1.AX stock: Price targets, forecasts and analyst frame
Meyka AI’s forecast model projects yearly A$0.09347, a monthly A$0.17 and a quarterly A$0.09. Compared with the current price A$0.335, the 12‑month model implies an approximate downside of -72.16%, while the monthly projection implies -49.25%. Short-term technical targets: resistance A$0.35, conservative 3-month target A$0.18, and stress-test support A$0.07. Forecasts are model-based projections and not guarantees.
NC1.AX stock: Risks, catalysts and trade considerations
Primary risks are negative earnings, tight trading history, and high intraday volatility; EPS is -A$0.01 and free cash flow metrics are negative. Catalysts that could sustain gains include positive drilling or project updates at Wingellina Nickel‑Cobalt and Claude Hills, or stronger nickel/cobalt prices. Consider position sizing and stop-loss given a one-year range of A$0.065–A$0.35.
Final Thoughts
NC1.AX stock is the top pre-market gainer on 16 Jan 2026 after a 36.73% spike to A$0.335, supported by a surge in volume to 1,384,010 shares. Technical indicators show bullish momentum but fundamentals remain mixed: EPS -A$0.01, PE -33.50, and price-to-book 1.99. Meyka AI rates NC1.AX with a score out of 100: 58.16 (C+, HOLD), reflecting strong short-term technicals and liquidity offset by negative earnings and forecast uncertainty. Meyka AI’s forecast model projects a 12‑month price of A$0.09347, implying roughly -72.16% versus today’s price; short-term model reads are less bearish at A$0.17 (monthly). Traders should weigh breakout strength and sector tailwinds against company-specific news risk and high volatility. For continual updates visit the NICO Resources site and our Meyka stock page for live metrics and alerts.
FAQs
Why did NC1.AX stock surge pre-market today?
NC1.AX stock rose on heavy volume, a gap above the open to A$0.335, and technical buying into resistance at A$0.35. Market interest likely links to project news or sector momentum in Basic Materials.
What are short-term price targets for NC1.AX stock?
Near-term resistance sits at A$0.35 and support at A$0.24. A conservative 3-month target is A$0.18 while a stress target sits near the one-year low A$0.07.
How does Meyka AI view NC1.AX stock?
Meyka AI rates NC1.AX with a score out of 100: 58.16 (Grade C+, HOLD). The grade balances strong technical momentum and liquidity against negative earnings and forecast uncertainty.
Where can I find official company information for NC1.AX stock?
Official company disclosures and project updates are on the NICO Resources website. For live market data and alerts check the Meyka NC1.AX stock page.
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.
