AWC.AX Alumina Limited A$1.45 on 05 Jan 2026 market closed: Active trading on heavy volume
We opened with the market fact: AWC.AX Alumina Limited closed at A$1.45 on 05 Jan 2026, down 1.69% on the day on ASX in Australia on unusually high turnover of 206,210,866 shares. The intraday range was A$1.45 to A$1.50 and the stock traded well above its 200-day average price of A$1.25 but below the 50-day average of A$1.71. This session ranked Alumina among the most-active ASX names as traders reacted to broader Basic Materials strength and commodity-driven flows.
Intraday price action
Alumina Limited (AWC.AX) closed at A$1.45, a decline of A$0.03 or -1.69% from the previous close of A$1.48, with a session high of A$1.50 and low of A$1.45. The share count is 2,901,680,128.00 shares outstanding and market capitalisation sits at AUD 4,207,436,186.00, leaving the stock sensitive to short-term flows given the large free float and active trading today.
Volume and liquidity signals
Today’s volume of 206,210,866.00 shares is roughly 19.66 times the average daily turnover of 10,489,286.00, signalling heavy retail and institutional participation. High relative volume often precedes directional moves; for AWC.AX the spike aligns with Basic Materials sector momentum, where YTD performance is +52.61% and commodity demand remains a key driver for alumina pricing and refinery cashflows.
Fundamentals and valuation
Key metrics show EPS of -0.08 and a trailing PE of -18.13 with a price to book ratio of 2.00 and book value per share of A$0.72. Enterprise value is AUD 4,640,205,292.00 and net debt to EBITDA sits at 2.31, reflecting leverage in the Alcoa joint-venture exposure. Operating margin pressures and an effective tax rate of 91.68% weigh on net margins, but gross margin remains 47.39% indicating operational scale in refining.
Sector context and peers
AWC.AX sits in the Basic Materials sector and Aluminium industry where leading peers such as RIO.AX and BHP.AX influence sentiment. The sector’s 6-month gain of 34.47% and strong commodity backdrop help explain AWC.AX’s YTD jump of 55.91%, yet the stock remains sensitive to alumina price cycles and refinery outages that can shift cashflow assumptions quickly.
Technical view and Meyka grade
Price sits below the 50-day average of A$1.71 but above the 200-day average of A$1.25, creating a mixed technical setup that favors mean-reversion trades on pullbacks. Meyka AI rates AWC.AX with a score out of 100: Score: 63.47 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Risk drivers and catalysts
Principal risks include commodity-price volatility, JV operational disruptions, and constrained interest coverage with interest coverage at -0.83. Near-term catalysts are quarterly production updates from the Alcoa JV, changes in global alumina demand, and any dividend signals from surplus cashflows. Watch liquidity levels—today’s high turnover could amplify directional moves on news.
Final Thoughts
Key takeaways: AWC.AX stock closed at A$1.45 on 05 Jan 2026 with heavy volume of 206,210,866.00 shares, marking it among the most-active ASX names as sector strength and commodity flows push trading interest. Valuation metrics show EPS of -0.08 and a PB of 2.00 while leverage measures (net debt/EBITDA 2.31) and negative interest coverage flag cyclical risk. Meyka AI’s forecast model projects a 12-month target of A$1.51, implying an upside of 3.85% versus the current price of A$1.45, and a 3-year projection of A$1.67 implying upside of 14.98%. Forecasts are model-based projections and not guarantees. Investors should weigh the B-grade HOLD view from Meyka AI against cyclical volatility and monitor JV updates and alumina price moves; the high intraday volume today suggests traders will watch any operational or macro headlines closely.
FAQs
AWC.AX’s heavy volume (206,210,866.00 shares) reflects broad Basic Materials strength and commodity-driven flows; elevated turnover often follows sector momentum and positions the stock for larger intraday moves.
Key figures: price A$1.45, EPS -0.08, PE -18.13, PB 2.00, market cap AUD 4,207,436,186.00. These metrics show a mixed valuation with negative earnings but tangible book value supporting the share price.
Meyka AI rates AWC.AX with a score out of 100: 63.47 | Grade: B | Suggestion: HOLD. The grade uses benchmark and sector comparisons, financial growth, key metrics and analyst consensus and is not financial advice.
Meyka AI’s forecast model projects a 12-month target of A$1.51 (implied +3.85% from A$1.45) and a 3-year target of A$1.67 (implied +14.98%). Forecasts are model-based projections and not guarantees.
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.
