Why did ERA.AX stock jump today?

ERA.AX stock rose on 04 Feb 2026 due to heavy volume and renewed interest in uranium miners. No company-specific release preceded the move, so sector momentum and speculative flows appear to be the main drivers.

What is Meyka AI’s forecast for ERA.AX stock?

Meyka AI's forecast model projects a quarterly target of **A$0.010** for ERA.AX stock, implying about **150.00%** upside from **A$0.004**; forecasts are model-based projections and not guarantees.

What are short-term price targets for ERA.AX stock?

Near-term scenarios: bearish **A$0.002**, conservative **A$0.006**, and bullish **A$0.010**. Watch volume and a confirmatory break above **A$0.006** to validate the bullish case.

How does ERA.AX stock look on fundamentals?

Fundamentals show negative EPS (**-0.02**) and a high price-to-sales (**31.65**), but reasonable liquidity with cash per share **A$0.00170** and current ratio **2.34**. The valuation reflects earnings weakness and sector premium.

AU Stocks

ERA.AX Energy Resources of Australia (ASX) +33.33% intraday 04 Feb 2026: outlook

ByHuzaifa Zahoor February 4, 2026February 4, 2026

Today on the ASX, ERA.AX stock led intraday gainers after the price climbed to A$0.004, a 33.33% move as of 04 Feb 2026. The surge follows heavy turnover with 20,333,764 shares traded by midday, well above the 50-day average of 5,190,120. We examine why Energy Resources of Australia Ltd (ERA.AX) moved, connect fundamentals to the price action, and set clear short and medium-term scenarios for Australian investors watching the uranium sector.