What drives the recent move in ALM.AX stock?

The move stems from high intraday volume, speculative interest in copper explorers and sector rotation into Basic Materials. No formal company announcement explains the spike, so short covering and momentum trading are likely contributors.

What is Meyka AI’s view and grade for ALM.AX stock?

Meyka AI rates ALM.AX **59.20 / 100 (C+) — HOLD**. The grade balances benchmark and sector comparisons, financial growth, key metrics and analyst signals. It is informational and not personalised advice.

What price targets and forecasts exist for ALM.AX stock?

Meyka AI's forecast model projects a monthly level of **A$0.01**. Practical targets: upside **A$0.03** (+76.47%) and downside **A$0.005** (-70.59%). Forecasts are projections and not guarantees.

How should investors manage risk with ALM.AX stock?

Manage risk via small position sizing, pre-defined stop losses and monitoring of drill results, financing announcements and volume spikes. Exploration stocks are binary with high dilution risk.

AU Stocks

ALM.AX Alma Metals ASX +54.55% pre-market 04 Feb 2026: what to watch

ByHuzaifa Zahoor February 4, 2026

The ALM.AX stock surge leads ASX pre-market action on 04 Feb 2026 after a large volume spike and positive intraday momentum. Shares of Alma Metals Limited (ALM.AX) are trading at A$0.017, up 54.55% from the previous close of A$0.011, with 20,252,590 shares changing hands. The jump follows renewed investor interest in copper explorers and an increase in near-term trading volume. In this pre-market Top Gainers note we break down drivers, technicals, valuation, Meyka AI grade, and practical price targets for ASX-listed Alma Metals.