After-hours volume spike CAG.AX Cape Range Limited ASX A$0.09 09 Jan 2026: monitor liquidity shift

We saw a clear after-hours volume spike in CAG.AX stock on 09 Jan 2026, with the ASX-listed Cape Range Limited trading at A$0.09. Volume reached 8,900.00 versus an average of 161.00, producing a relative volume of 55.28. We treat this as a liquidity event that can change short-term price discovery. In this note we explain what moved the market, the fundamental backdrop, and what traders should watch next for this Technology sector small-cap on the ASX.