CDR.AX Codrus Minerals jumps 52.94% intraday to A$0.026: why the spike matters for traders
CDR.AX stock surged 52.94% intraday to A$0.03 then settled at A$0.026 on 13 Jan 2026 as volume spiked to 4,828,905 shares. The move is driven by thin float dynamics and a sharp pickup in trader interest, not a formal earnings update. Traders on the ASX should note the stock’s day range A$0.017–A$0.028, 50-day average A$0.019, and year high A$0.05 while considering liquidity and volatility.
Intraday price action and volume on CDR.AX stock
The immediate fact: Codrus Minerals Limited (CDR.AX) traded as high as A$0.028 and closed around A$0.026 on the ASX intraday session. Volume ran at 4,828,905 versus an average 297,900, giving a relative volume of 17.75. That volume spike explains most of the price move and signals retail and short-term momentum traders were active.
Drivers behind the CDR.AX stock move
No new earnings release was filed today; the last scheduled earnings announcement was on 2024-11-12. The most likely drivers are sector flows into small gold explorers and short-covering. The Basic Materials sector and Gold industry showed positive sentiment this week, supporting speculative inflows into micro-cap names like Codrus Minerals Limited.
Fundamentals and valuation for CDR.AX stock
Codrus Minerals reports EPS -0.01 and a trailing PE of -2.60 reflecting losses. Market cap stands at A$5,375,094 with 206,734,379 shares outstanding. Key ratios: price/ book 3.50, current ratio 3.45, and cash per share A$0.00979. Revenue is minimal and the company remains exploration-focused, so valuation relies on project potential rather than operating cash flow.
Technical indicators and trading signals for CDR.AX stock
Short-term technicals show RSI 37.31 and ADX 36.25, suggesting a strong trend but limited momentum breadth. The 50-day average A$0.019 and 200-day average A$0.02548 put the current price slightly above the long-term average. Traders should note the stock’s high intraday volatility and wide bid-ask spreads common at sub-penny levels on the ASX.
Meyka AI rates CDR.AX with a score out of 100 and forecast
Meyka AI rates CDR.AX with a score out of 100: 59.89 (Grade C+, 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 monthly price of A$0.02, implying an expected near-term downside of 23.08% from the current A$0.026. Forecasts are model-based projections and not guarantees.
Risks, catalysts and outlook for CDR.AX stock
Primary risks include limited liquidity, ongoing losses, and exploration execution risk. Catalysts that could re-rate the stock: positive drilling results at Silver Swan South or Bull Run, a farm-in or JV announcement, or broader gold price strength. Given the company’s exploration profile, expect binary outcome risk in the short term and higher speculative volatility.
Final Thoughts
CDR.AX stock’s intraday jump to A$0.026 on 13 Jan 2026 reflects a liquidity-driven rally rather than fundamental news. Fundamentals show EPS -0.01, PE -2.60, and market cap A$5.38M, indicating a micro-cap exploration company with speculative upside tied to drill results and sector flows. Meyka AI’s forecast model projects A$0.02 monthly, implying an immediate downside of 23.08% from current levels; longer-term upside cases center on positive resource news toward the year high of A$0.05. Our grade (Meyka AI: 59.89, Grade C+, HOLD) balances the company’s cash buffer and exploration assets against persistent losses and low liquidity. Traders should size positions carefully, monitor ASX announcements and the company website, and treat this as a high-risk, high-volatility speculative trade. Forecasts are model-based projections and not guarantees.
FAQs
Why did CDR.AX stock spike today?
CDR.AX stock spiked mainly due to heavy volume and speculative trading. No formal earnings release drove the move; increased retail activity and sector momentum in small gold explorers were the likely triggers.
What is Meyka AI’s rating for CDR.AX stock?
Meyka AI rates CDR.AX with a score out of 100 at 59.89 (Grade C+, Suggestion: HOLD). This combines benchmark, sector, growth and key metric analysis and is informational only.
What price does the Meyka forecast model project for CDR.AX stock?
Meyka AI’s forecast model projects a monthly price of A$0.02, implying a short-term downside of 23.08% from the current A$0.026. Forecasts are projections and not guarantees.
What are the main risks for CDR.AX stock?
Main risks include low liquidity, ongoing negative EPS, exploration failure risk, and wide bid-ask spreads on the ASX. Small-cap gold explorers are subject to binary drill outcomes.
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.
