What is the current price and short-term setup for PTM.AX stock?

PTM.AX stock is trading around **A$0.70** pre-market with a day range **A$0.65–A$0.705**; the short-term setup is an oversold bounce with a key resistance at **A$0.72** and support near **A$0.62**.

How does valuation look for PTM.AX stock?

Valuation shows a PE of **69.50** and price-to-book **1.83**, with EPS **A$0.01**; the balance sheet is strong but earnings growth is weak, which increases risk if the bounce fades.

What targets and stops should traders use for PTM.AX stock?

For an oversold bounce trade in PTM.AX stock, consider targets **A$0.82** and **A$0.90**, with a stop-loss around **A$0.62** and scale-out sizing to manage downside risk.

What is Meyka AI’s view on PTM.AX stock?

Meyka AI rates PTM.AX **67.74 (Grade B, HOLD)** and projects a model-based target of **A$0.90**; these are analytical inputs, not investment advice, and forecasts are not guarantees.

AU Stocks

A$0.70 PTM.AX Platinum IM (ASX) Pre-Mkt 19 Feb 2026: Oversold bounce call

ByDanny Kontos February 19, 2026

PTM.AX stock is trading at A$0.70 in pre-market on 19 Feb 2026 after a short rebound from the session low of A$0.65, signalling an oversold bounce setup on the ASX. Volume is notable at 2,716,798.00 shares versus an average of 2,456,394.00, which supports a tradable short-term move. The share price sits near the 50-day average of A$0.72 and above the 200-day average of A$0.63, creating a tactical zone for momentum traders. We outline valuation, catalysts, risks and a clear trade plan for an oversold bounce in Platinum Investment Management Limited (PTM.AX) on the Australian market.