ERA.AX stock down 33.33% intraday on ASX 16 Jan 2026: is value emerging
ERA.AX stock plunged 33.33% to A$0.002 intraday on the ASX on 16 Jan 2026, making it one of today’s top losers. Low liquidity and a thin order book amplified the move, with volume only 78,108 shares versus an average of 4,492,255.00. We assess financials, technicals and sector context to explain the drop and flag what traders should watch next.
Intraday price action and market data for ERA.AX stock
ERA.AX stock opened at A$0.003 and hit a day low of A$0.002 on 16 Jan 2026 as selling pressure accelerated. The reported market cap is A$1,013,490,603.00 and shares outstanding total 405,396,241,000.00. Average price levels show a 50-day average near A$0.003 and a 200-day average near A$0.002, highlighting extreme price compression.
Why the stock is a top loser today: liquidity and sector flow
The top-loser status reflects thin liquidity more than new company fundamentals. ERA.AX had a relative volume of 0.02, meaning trades moved price quickly. The uranium sector has mixed sentiment as energy markets rotate, and headline flow from broader energy stories amplified selling. Investing.com comparison data shows peer dispersion that can widen ERA.AX price swings.
Fundamentals snapshot: valuation, earnings and balance sheet
Energy Resources of Australia Ltd reports EPS -0.02 and a trailing PE of -0.12, reflecting losses. Key ratios show a current ratio of 2.34 and cash per share A$0.00170, which supports short-term liquidity. Price-to-sales is 19.78, and book value per share is negative at -0.00284, underlining valuation strain for equity holders.
Technical picture and trading signals for ERA.AX stock
Technically the stock shows RSI 54.80 and ADX 41.50, indicating a strong intraday trend despite muted momentum. On-chain volume indicators show OBV at -55,812,301.00 and MFI 22.71, which point to distribution. Short-term averages sit at the current price, so breakout or further weakness will depend on renewed buying interest.
Meyka AI stock grade and model forecast for ERA.AX
Meyka AI rates ERA.AX with a score out of 100: 63.62 | Grade: B | Suggestion: HOLD. 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 near-term reference of A$0.01 (quarterly), implying an upside of +400.00% from the current A$0.002, while noting the forecast is model-based and not guaranteed.
Risks, catalysts and practical trading considerations
Key risks include continued low liquidity, negative earnings, and a negative book value per share. Catalysts that could stabilise ERA.AX include clearer uranium demand signals or corporate updates on Jabiluka assets. Traders should size positions for volatility and set tight risk limits; market orders can move price sharply given the average volume gap.
Final Thoughts
ERA.AX stock is clearly a top loser today after an intraday fall to A$0.002 on 16 Jan 2026. The move reflects structural liquidity weakness and sector sentiment rather than a single public event. Fundamentals show negative EPS -0.02 and an unconventional valuation profile with a negative book value per share. Meyka AI’s model projects a near-term quarterly reference of A$0.01, implying +400.00% upside versus the current price, but this is a high-variance scenario. Practical price targets for analysis: a bear support at A$0.001, a base near A$0.002, and a bull scenario at A$0.01. These targets tie to low trading depth and the model forecast, not guaranteed outcomes. Investors should weigh uranium sector trends and monitor volume spikes and company announcements. For live trade data and alerts, our Meyka AI-powered market analysis platform can surface liquidity changes and news flow as they happen.
FAQs
Why did ERA.AX stock fall so sharply intraday?
The sharp intraday fall to A$0.002 reflects low liquidity, thin order books and sector selling pressure. Volume was only 78,108 versus an average 4,492,255.00, magnifying price moves when sellers hit the market.
What are the key financial risks for ERA.AX stock?
Key risks include negative EPS -0.02, a negative book value per share, and limited free cash flow. The company’s valuation metrics show stress, increasing downside risk in weak markets.
What price targets and forecast exist for ERA.AX stock?
Meyka AI’s model projects A$0.01 (quarterly), implying +400.00% versus current price. Practical targets: bear A$0.001, base A$0.002, bull A$0.01. Forecasts are model-based projections, not guarantees.
How should traders manage position size in ERA.AX stock?
Manage position size tightly due to extreme volatility and low liquidity. Use limit orders, small sizes, and defined stop losses to avoid large slippage on the ASX.
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.
