ALM.AX Alma Metals (ASX) down 22.22% intraday 10 Jan 2026: copper pressure ahead
ALM.AX stock fell 22.22% intraday to A$0.007 on 10 Jan 2026, making Alma Metals Limited one of the ASX top losers this session. Trading volume sat at 3,010,336.00 shares, above the 50-day average of 5,631,426.00. The slide tracks weaker copper markets and broad basic materials pressure, and it raises near-term liquidity and valuation questions for this small-cap explorer.
Intraday move and market drivers
The primary move today was price-based: ALM.AX stock opened at A$0.007 and fell A$0.002 from yesterday’s close of A$0.009. Volume was 3,010,336.00, giving a relative volume reading above average at 1.36. Traders flagged softer LME copper and profit-taking after recent metal gains as the immediate catalyst. For context on metal markets see an investing.com market note source.
Company fundamentals and valuation
Alma Metals Limited (ALM.AX) is a micro-cap copper explorer with a market cap of A$15,783,545.00 and 1,753,727,226.00 shares outstanding. The firm reports negative EPS and no PE ratio. Key ratios show a price-to-book of 4.63 and a current ratio of 1.93, indicating limited balance-sheet cushion. Recent financial growth trends show declining gross profit and operating cash flow, which helps explain weak investor sentiment.
Technicals and trading signals for ALM.AX stock
Technicals show short-term weakness: RSI is 41.72, ADX 41.19 indicating a strong trending move, and the 50-day average A$0.00698 sits near current price. The stock trades between a year low of A$0.003 and year high of A$0.0115. Momentum indicators (CCI -106.27 and Williams %R -100.00) point to oversold readings, but low liquidity raises execution risk for larger orders.
Meyka AI rates ALM.AX with a score out of 100 and forecast
Meyka AI rates ALM.AX with a score of 63.78 out of 100 (Grade: B, Suggestion: 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 a short-term target of A$0.01, implying an upside of 42.86% from the current A$0.007. Forecasts are model-based projections and not guarantees.
Risks, catalysts and sector context
Key risks include very low free-float liquidity, negative earnings, and exposure to volatile copper pricing. Potential catalysts are positive drill results, permitting updates, or a sustained rally in copper. The Basic Materials sector is YTD stronger but cyclical; major miners remain the performance drivers. For traders, the stock’s small market cap and high shares outstanding increase dilution and execution risk.
Price targets and trading strategy insight for ALM.AX stock
Realistic near-term price targets: A$0.01 (Meyka short-term model) and a downside reference at the year low A$0.003. A cautious trading strategy is to size positions small, set tight stops, and watch metal-price headlines. Longer-term investors should demand clear exploration success or financing clarity before increasing exposure.
Final Thoughts
ALM.AX stock is the session’s clear top loser after a 22.22% intraday fall to A$0.007 on 10 Jan 2026. The move ties to softer copper sentiment and the stock’s micro-cap profile: A$15,783,545.00 market cap and 1,753,727,226.00 shares outstanding create liquidity and dilution risks. Meyka AI’s forecast model projects A$0.01 short term, an implied upside of 42.86% from today’s price, but subject to metal-price swings and company news. Traders should treat any recovery as volatility-driven until Alma Metals reports material exploration results or improves cash flow. Forecasts are model-based projections and not guarantees. Use small position sizes, watch the ASX order book, and track copper markets and company announcements for any change in momentum.
FAQs
Why did ALM.AX stock drop today?
ALM.AX stock fell due to weaker copper market sentiment and profit-taking. Low market cap and limited liquidity amplified the move. Volume rose to 3,010,336.00 shares, pushing price down to A$0.007.
What is Meyka AI’s forecast for ALM.AX stock?
Meyka AI’s forecast model projects a short-term price of A$0.01 for ALM.AX stock, implying about 42.86% upside from A$0.007. Forecasts are model-based and not guarantees.
Is ALM.AX stock a buy after the drop?
Meyka AI grades ALM.AX B (HOLD) based on sector, growth and metrics. Given negative earnings, low liquidity and exploration risk, we recommend caution and small positions until clearer catalysts appear.
What are the main risks for Alma Metals (ALM.AX)?
Main risks are volatile copper prices, negative operating cash flow, potential dilution, and limited liquidity with a small market cap of A$15,783,545.00. Exploration setbacks would pressure the stock further.
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.
