57% pre-market rise VAR.AX Variscan Mines ASX Jan 2026: watch A$0.01 breakout

VAR.AX stock opened the pre-market with a 57.14% jump to A$0.011 on heavy turnover, marking a sharp intraday swing for Variscan Mines Limited (ASX). Volume hit 22,158,862 shares versus a 50-day average of 4,058,966, signaling active trading interest. The move lifted market cap to about A$7,202,291 and pushed the price near the 52-week high of A$0.012. We summarise why the stock is a top gainer today on the ASX and what traders should watch next.