Is FTL.AX stock a buy after the recent bounce?

FTL.AX stock shows a short-term bounce but is rated C+ (HOLD) by Meyka AI. Traders may buy for a tactical trade to **A$0.15** with tight stops, while longer-term investors should wait for drill results or clearer financials.

What are realistic price targets for FTL.AX stock?

Near-term target is **A$0.15** (year high). Meyka AI's three-year forecast is **A$0.1335** and five-year **A$0.1630**. All targets assume positive exploration news and stable funding.

What key risks should holders of FTL.AX stock watch?

Key risks for FTL.AX stock are exploration failure, equity dilution from capital raises, and continued negative EPS. Watch company updates, cash position, and ASX announcements closely.

How does the Basic Materials sector affect FTL.AX stock?

FTL.AX stock benefits from sector strength; Basic Materials is up **14.04%** over three months. Commodity rallies can lift exploration stocks, but company-specific results remain decisive.

AU Stocks

FTL.AX stock trades at A$0.11 on strong volume: oversold bounce could reach A$0.15

ByDanny Kontos February 10, 2026February 10, 2026

FTL.AX stock closed the ASX session at A$0.11 on 10 Feb 2026 with volume at 1,881,323 shares, nearly double its average of 943,247. The quick price lift from an open of A$0.10 suggests short-covering after a prolonged sell-off that left the name oversold against its 50-day average of A$0.09. Firetail Resources Limited (FTL.AX) trades in the Basic Materials sector in Australia and holds exploration assets in the Paterson and Murchison regions. We examine whether this is a tactical oversold bounce or the start of a multi-month recovery, and set measured targets and risk limits for active traders.