EQR.AX EQ Resources (ASX) A$0.185 intraday Jan 31 2026: volume surge
EQR.AX stock is trading at A$0.185 intraday on the ASX on 31 Jan 2026, down 5.13% as volume spikes to 64,023,955 shares. This sudden activity makes EQ Resources Limited (EQR.AX) one of the most active small-cap names on the ASX today. Traders are watching relative volume of 2.09 and an RSI at 69.88, which together suggest strong short-term interest and the potential for a continued move in either direction.
Intraday snapshot for EQR.AX stock
Price action: EQR.AX is at A$0.185, down A$0.01 or -5.13% from a previous close of A$0.195. Day range is A$0.18–A$0.21. Volume is 64,023,955 versus average volume 30,558,281, giving relative volume 2.09. Market cap is A$678.60M and shares outstanding are 3,668,116,343. This trade density qualifies EQR.AX as a most active intraday stock on the ASX.
Drivers behind the intraday move and EQR.AX stock news
Trade drivers: The intraday pullback connects to profit-taking after a multi‑session rally (1M +122.89%). External data pages show peer comparison scans that include EQR in investor screens, pushing scanning flows into the name Investing.com peer compare ZA and Investing.com peer compare IN. Short-term traders are responding to heavy liquidity and the stock’s 50-day average of A$0.09 and 200-day average of A$0.0515.
Fundamentals and valuation for EQR.AX stock
Company fundamentals: EQ Resources (EQR.AX) operates in Basic Materials with flagship Mt Carbine tungsten project in Queensland. TTM revenue per share is A$0.01869 and EPS is -A$0.02, giving a negative P/E and a reported PE (TTM) of -17.62. Key ratios show price-to-book 13.34, price-to-sales 13.88, current ratio 0.24, and debt-to-equity 1.78. These metrics point to a stretched valuation versus earnings and limited short-term liquidity cushion.
Meyka Grade and technicals for EQR.AX stock
Meyka assessment: Meyka AI rates EQR.AX with a score out of 100 — Score: 59.61 | Grade: C+ | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical picture: RSI 69.88, ADX 39.39 (strong trend), MACD near zero, and 50-day average A$0.09 versus current A$0.185. Support sits near A$0.09 and immediate resistance at the intraday high A$0.21. Watch the relative volume 2.09 for confirmation of trend continuation.
Analyst view, forecasts and EQR.AX stock price targets
Short and medium-term forecasts: Meyka AI’s forecast model projects a monthly level of A$0.12, a quarterly level of A$0.11, and a one‑year model value of A$0.04538. Using those outputs, a short-term model target of A$0.12 implies an implied downside of -35.14% vs the current A$0.185. Reasonable trading price targets for risk-aware traders: a near-term tactical target A$0.12, a conservative mid-term target A$0.06, and a stressed downside A$0.03. Forecasts are model-based projections and not guarantees.
Trading implications and sector context for EQR.AX stock
Trading takeaways: EQR.AX is volatile and liquid today, suited to active traders rather than long-term income investors. Basic Materials sector performance is +9.72% YTD, highlighting bullish sector flows, but EQR’s negative margins and low cash cushion raise company-level risk. Key risks include commodity price swings for tungsten and execution at Mt Carbine. For position sizing, treat EQR.AX as high beta and monitor market cap A$678.60M, free float and newsflow on resource updates and drilling results. See company page on Meyka for live charts: EQR.AX on Meyka.
Final Thoughts
Key takeaways: EQR.AX stock is an intraday most-active name on the ASX at A$0.185, trading with heavy volume of 64,023,955 and a relative volume of 2.09, which signals elevated short-term interest. Fundamentals show negative EPS -A$0.02, a stretched price-to-book 13.34, and weak liquidity metrics, supporting a higher-risk profile. Meyka AI’s forecast model projects a monthly value of A$0.12, which implies a -35.14% move from the current price; longer-horizon model values are lower. Meyka AI’s grade (C+ / HOLD) reflects balanced sector momentum but notable company-level risks. Active traders should watch intraday volume and RSI; longer-term investors should wait for clearer cash-flow improvement or a more constructive valuation.
FAQs
What is the current price and intraday change for EQR.AX stock?
EQR.AX stock is trading at A$0.185 intraday on 31 Jan 2026, down A$0.01 or -5.13% with volume 64,023,955, above the average 30,558,281.
What grade does Meyka AI assign to EQR.AX and what does it mean?
Meyka AI rates EQR.AX with a score out of 100: 59.61 (C+) with a suggestion to HOLD. The grade factors S&P comparison, sector, growth, metrics and analyst views and is informational, not financial advice.
What are the short-term forecast and implied downside for EQR.AX stock?
Meyka AI’s forecast model projects a monthly level of A$0.12, which implies an estimated downside of -35.14% from the current A$0.185. Forecasts are model projections and not guarantees.
Which technical indicators traders should watch for EQR.AX stock?
Traders should monitor RSI 69.88, ADX 39.39 for trend strength, the 50-day average A$0.09, resistance at A$0.21, and real-time volume spikes (today 64,023,955) to confirm moves.
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.
