0661.HK China Daye HKSE up 12.83% pre-market 24 Jan 2026: volume spike
0661.HK stock leads pre-market activity in Hong Kong as China Daye Non-Ferrous Metals Mining Limited trades at HK$0.21 on heavy volume this morning. The share price is HK$0.211, up 12.83%, with reported volume of 389,864,000 shares versus an average of 93,014,092. Traders point to liquidity and sector flows in Basic Materials, especially copper, driving the move. We examine why this stock is most active in the pre-market, connect numbers to fundamentals, and summarise short-term targets and risks using Meyka AI-powered market analysis.
0661.HK stock market snapshot and trade flows
China Daye (0661.HK) is trading on the HKSE in Hong Kong at HK$0.21 pre-market. The stock opened HK$0.19, last close was HK$0.187, day range HK$0.185–HK$0.239, and the year high is HK$0.239.
Volume is the headline: 389,864,000 shares traded versus avg 93,014,092, a relative volume of 4.19, which explains its most-active status in pre-market trading.
0661.HK stock drivers: sector, supply and demand
China Daye operates in the Basic Materials sector, focused on copper and other non-ferrous metals. Commodity demand and spot copper moves often lift peer activity and liquidity.
Stronger metals pricing or concentrate trading can quickly move the stock, and the current session shows traders reallocating to mining names ahead of potential copper data or company updates.
0661.HK stock fundamentals and valuation
On key metrics China Daye reports EPS -0.00340, PE -62.10, market cap HK$3,775,967,318, and shares outstanding 17,895,579,706. Price-to-book is 0.97, price-to-sales 0.06, and free cash flow yield is 33.89%.
Leverage is material: debt-to-equity stands at 5.64 and net debt to EBITDA reads 13.53, which raises solvency risk despite positive cash generation per share of HK$0.05663.
0661.HK stock technicals and near-term targets
Technical indicators show momentum: RSI 64.55, ADX 33.40 indicating a strong trend, and CCI 128.78 signalling near-term overbought conditions. The 50-day average is HK$0.11 and 200-day average is HK$0.08.
We set a pragmatic near-term trading target at HK$0.24 (session high and year high). A conservative fair-value target based on current book value and sector PB suggests HK$0.11 as a downside reference.
0661.HK stock: Meyka AI grade and model forecast
Meyka AI rates 0661.HK with a score out of 100: 58.36 (C+) — 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 monthly HK$0.18, quarterly HK$0.16, and yearly HK$0.11. Compared with the current HK$0.211, the one-year projection implies a downside near -46.94%. Forecasts are model-based projections and not guarantees.
0661.HK stock risks, catalysts and trading notes
Key catalysts include copper price moves, company operational updates, and any changes to concentrate sales or smelting margins. Watch corporate announcements and the company’s earnings window in March 2025.
Top risks are high leverage, negative EPS, and inventory concentration. Given the stock’s volatility and heavy intraday volume, risk management and position sizing matter for traders and investors.
Final Thoughts
0661.HK stock is the most active pre-market in Hong Kong today after a 12.83% intraday rise to HK$0.211 on unusually heavy volume of 389,864,000 shares. The company shows mixed fundamentals: attractive free cash flow yield 33.89% and price-to-book near 0.97, offset by negative EPS, PE -62.10, and high debt metrics (debt-to-equity 5.64). Technically, momentum is strong but overbought signals appear.
Meyka AI’s forecast model projects a one-year price of HK$0.11, implying roughly -46.94% from today’s price. We present a near-term trading target of HK$0.24 and a conservative downside reference of HK$0.11. These targets reflect technical resistance, book-value context, and forecast outputs. Use tight risk controls if trading this high-volume move. For deeper company documents and filings visit the company site or our Meyka stock page for real-time updates and data-driven tools. Company site Meyka stock page
These grades and forecasts are model-based and not financial advice. We are not financial advisors.
FAQs
Why is 0661.HK stock so active pre-market today?
High liquidity and a surge in trader interest pushed 0661.HK stock volume to 389,864,000 shares. Sector flows into copper and a gap above the 50-day average HK$0.11 amplified trading ahead of company or commodity news.
What is Meyka AI’s view on 0661.HK stock performance?
Meyka AI rates 0661.HK with a score 58.36 (C+) and projects a one-year model price of HK$0.11. The model flags downside risk near -46.94% from current levels while noting strong free cash flow metrics.
What are the main financial risks for 0661.HK stock?
Key financial risks are negative EPS, high debt-to-equity 5.64, and net debt to EBITDA 13.53. These metrics increase sensitivity to metal price swings and working capital shifts for 0661.HK stock.
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.
