CHK.AX Cohiba ASX +66.67% intraday 13/01/2026: volume spike hints momentum
CHK.AX stock jumped +66.67% intraday to A$0.005 on 13/01/2026 as volume surged to 35,069,450 shares. The move put Cohiba Minerals Limited (CHK.AX) front of mind for high-volume traders on the ASX. We note a big gap versus the 50-day average price of A$0.00313 and a relative volume of 11.33, which signals outsized intraday interest. Meyka AI provides this quick, data-led intraday update and context for active traders and investors.
Intraday price action for CHK.AX stock
CHK.AX stock opened at A$0.004 and printed a high of A$0.006 before settling near A$0.005. The one-day change of A$0.002 equals +66.67% versus the previous close of A$0.003. This is the largest one-day percentage move year-to-date for Cohiba and sits close to the 52-week high of A$0.007.
Volume and liquidity: what the numbers show
Volume today hit 35,069,450 versus an average volume of 3,094,749, a relative volume of 11.33. High turnover on a microcap with 4,296,580,096 shares outstanding raises both volatility and liquidity for short-term traders. Market cap stands at A$21,482,900.00, so modest buys or sells can move price sharply.
Fundamentals and valuation for Cohiba Minerals (CHK.AX stock analysis)
Cohiba operates in Basic Materials and holds exploration projects in Western Australia and South Australia. Key ratios: price-to-book 0.85, current ratio 1.74, and negative ROE at -34.23%. Revenues per share are A$0.00 and net income per share is -A$0.00210, reflecting pre-revenue exploration status and ongoing operating losses.
Meyka AI technical and grade snapshot
Meyka AI rates CHK.AX with a score out of 100: 58.75 | Grade: C+ | Suggestion: HOLD. This grade factors S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Technicals show price above the 50-day average (A$0.00313) and the 200-day average (A$0.00280), a short-term bullish signal for momentum traders.
Catalysts, sector context and risks for CHK.AX stock
Potential catalysts include positive drilling results, licensing updates, or commodity re-rates in the Basic Materials sector, which is up 7.34% YTD in Australia. Primary risks are exploration execution, cash burn, and dilution given the microcap structure. The company has limited operating cash flow and no EPS history, increasing event-driven volatility.
Outlook, short-term trade idea and CHK.AX forecast
For intraday and short-term traders, momentum and volume suggest tight trading ranges may expand. Use stop losses and size positions for volatility. Meyka AI’s forecast model projects a base-case short-term reference of A$0.007 (implied +40.00% vs A$0.005), a bull case of A$0.012 (implied +140.00%), and a bear case of A$0.003 (implied -40.00%). Forecasts are model-based projections and not guarantees.
Final Thoughts
Key takeaways on CHK.AX stock: the intraday move to A$0.005 on 13/01/2026 was driven by an abnormal volume spike of 35,069,450 shares and a relative volume of 11.33, making Cohiba Minerals a high-volume mover on the ASX today. Fundamentals remain typical for an exploration microcap: negative EPS, modest cash per share (A$0.00104), and a price-to-book near 0.85. Meyka AI rates CHK.AX C+ (score 58.75) and flags event-driven upside alongside high dilution and execution risk. Our model compares the current price to a base short-term forecast of A$0.007 (+40.00%) and a 12-month bull scenario of A$0.012 (+140.00%). These numbers should guide scenario planning, not serve as recommendations. For real-time updates, see the company site and the ASX listing and use Meyka AI’s tools for live screening and alerts.
FAQs
Why did CHK.AX stock spike intraday today?
CHK.AX stock spiked due to heavy trading interest: volume reached 35,069,450 against an average of 3,094,749. High relative volume (11.33) on a microcap can trigger rapid price moves, often tied to news, speculation or block trades.
What is Meyka AI’s grade for CHK.AX and what does it mean?
Meyka AI rates CHK.AX with a score out of 100: 58.75, Grade C+. The grade reflects sector, growth, key metrics and consensus. It implies a HOLD bias with event-driven upside and above-average risk for investors.
What price targets and forecast exist for CHK.AX stock?
Meyka AI’s forecast model projects a base short-term reference of A$0.007 (+40.00%), a bull case of A$0.012 (+140.00%), and a bear case of A$0.003 (-40.00%). Forecasts are model-based and not guarantees.
How should traders manage risk when trading CHK.AX stock?
Trade CHK.AX stock with tight position sizing and stop losses. Expect high volatility and potential dilution. Monitor drilling updates, ASX announcements, and intraday volume to gauge momentum and liquidity.
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.
