Why did AAJ.AX stock drop so sharply on 03 Feb 2026?

AAJ.AX stock fell due to heavy selling on very high volume (27.55M shares), a small market cap (A$7.05m), and negative earnings. Low liquidity and sector weakness for small gold explorers amplified the price move.

What are short-term price targets for AAJ.AX stock?

Meyka AI's short-term forecasts list a monthly target of A$0.030 and a quarterly target of A$0.020. From the current A$0.018 these imply +66.67% and +11.11% respectively. Forecasts are projections and not guaranteed.

How does Aruma Resources’ valuation look after the fall?

Valuation appears speculative: PB is **2.70**, PS **16.58**, book value per share **A$0.00813**, and cash per share **A$0.00399**. Negative EPS and weak revenue per share highlight limited earnings support for the current price.

Is AAJ.AX stock a buy after this drop?

Given the Grade B (64.20) and HOLD stance, AAJ.AX stock remains speculative. Potential upside exists if exploration results or sector tailwinds arrive, but liquidity and negative cash flow make it high risk. Conduct your own research.

AU Stocks

AAJ.AX Aruma Resources (ASX) down 33% 03 Feb 2026: liquidity pressure risk

ByHuzaifa Zahoor February 3, 2026February 3, 2026

AAJ.AX stock plunged 33.33% to A$0.018 on the ASX at market close on 03 Feb 2026, driven by heavy selling and a volume spike to 27,548,675 shares. The move left the price well below the 52-week high of A$0.040 and above the 52-week low of A$0.007, widening intraday volatility (day low A$0.016, day high A$0.020). Traders should note the high relative volume of 3.32x and the company’s small market cap of A$7,049,577, which amplifies price swings and liquidity risk.