Why did GUL.AX stock spike in pre-market trade

The spike was volume-driven: **1,824,397** shares traded versus a 50-day average of **73,576**, suggesting new buying interest or placement activity. No single public announcement matched the spike; traders often react to private flows or sector moves in Basic Materials.

What are the nearest price targets for GUL.AX stock

Meyka AI's short-term model target is **A$0.12**, a one-year model level is **A$0.10**, and the three-year projection is **A$0.13**. These imply a near-term upside of **9.09%** and longer-term upside of **21.40%** versus **A$0.11** today.

How should traders manage risk after the volume spike in GUL.AX stock

Use tight risk controls: consider a stop near **A$0.09** and scale position size given low baseline liquidity. Watch earnings on **2026-03-10** and any royalty or project updates which can rapidly alter sentiment on ASX.

AU Stocks

Gullewa (GUL.AX) up 17.02% pre-market on 1.82M volume 21 Feb 2026: monitor trend

ByDanny Kontos February 21, 2026

GUL.AX stock jumped 17.02% in pre-market trade on 21 Feb 2026, hitting A$0.11 as volume surged to 1,824,397 shares versus a 50-day average of 73,576. The spike comes with the price above the 50-day average of A$0.10 and well above the 200-day average of A$0.08, signalling a short-term interest shift in this ASX-listed junior explorer. We examine what drove the volume spike, how fundamentals and technicals line up, and the near-term price implications for investors in Australia and the Basic Materials sector.