HGO.AX Hillgrove down 9.26% after-hours 22 Jan 2026: active volume flags risk
HGO.AX stock led ASX activity after hours on 22 Jan 2026, sliding 9.26% to A$0.049 after a Q4 results transcript and heavy trades. Volume spiked to 79,706,405 shares versus an average of 17,261,997, making Hillgrove Resources Limited (ASX: HGO.AX) one of the most active names. Traders reacted to the Q4 update and near-term guidance; price sits above the 50-day average A$0.04 but below the year high of A$0.0575, leaving short-term momentum in question.
HGO.AX stock: after-hours price action and drivers
Hillgrove Resources Limited (HGO.AX) moved in heavy after-hours trade on 22 Jan 2026 following a Q4 results call. The market price closed at A$0.049, down 9.26% on the session. Intraday range was A$0.047 to A$0.054, and the stock opened at A$0.054. The trading spike suggests short-term liquidation and repositioning by high-volume traders. Transcript coverage on Investing.com notes operational results and commentary that likely shaped sentiment.
HGO.AX stock: liquidity, volume and market interest
HGO.AX recorded 79,706,405 shares traded versus an average volume of 17,261,997, a relative volume of about 1.29. Market cap is A$148,666,000 with 2,654,750,000 shares outstanding. High turnover increases intraday volatility and widens execution risk for large orders. For active traders, the stock’s liquidity now attracts short-term momentum plays but raises slippage for larger positions.
HGO.AX stock: fundamentals and valuation checks
On fundamentals Hillgrove reports EPS -0.01 and a negative PE of -5.60. Price-to-book is 1.38 and price-to-sales is 0.97. Enterprise value to EBITDA is 4.31, and debt-to-equity sits near 0.11, indicating modest leverage. The Kanmantoo copper operation remains core, and the company shows positive operating margin but negative net margin. These metrics imply fair-value interest for value investors but highlight earnings pressure.
Meyka AI rates HGO.AX with a score out of 100
Meyka AI rates HGO.AX with a score of 63.30/100 — Grade B — Suggestion: HOLD. This grade factors in S&P 500 comparison, sector and industry performance, recent financial growth, key metrics, forecasts, and analyst sentiment. The score balances solid EV/EBITDA and low leverage against negative EPS and thin margins. These grades are model outputs and not guarantees. We are not financial advisors.
HGO.AX stock: technicals, momentum and short-term signals
Technical indicators show short-term overbought readings pre-drop. RSI reads 74.96 and CCI 121.32, indicating earlier overbought momentum. ADX at 45.12 signals a strong trend, while Bollinger Bands run A$0.03 lower to A$0.05 upper. The 50-day average is A$0.04103 and the 200-day average is A$0.03790. Traders should note rapid moves can trigger stop runs and widen spreads.
HGO.AX stock forecast, price targets and analyst view
Meyka AI’s forecast model projects a monthly median of A$0.04, a quarterly median of A$0.03, and a yearly projection of A$0.02055. Against the current price of A$0.049, that implies downside of 18.37% for the monthly projection and 58.18% for the yearly projection. Realistic analyst price targets could span A$0.02 (bear), A$0.05 (base), and A$0.08 (bull), reflecting commodity cycles and Kanmantoo production. Forecasts are model-based and not guarantees.
Final Thoughts
HGO.AX stock was the ASX most-active name after hours on 22 Jan 2026, with a 9.26% decline and high turnover that highlights short-term trader activity. Fundamentals show modest EV/EBITDA of 4.31 and low leverage, but negative EPS and a weak current ratio leave room for operational risk. Technicals point to recent overbought conditions followed by profit taking. Meyka AI’s forecast model projects A$0.04 monthly and A$0.02055 yearly versus the current A$0.049, implying material downside in the absence of stronger operational guidance. Our view: active traders can exploit volume and momentum swings, while longer-term investors should wait for clearer cash flow improvement or supportive commodity moves. Remember, Meyka AI is an AI-powered market analysis platform; forecasts and the Meyka grade are model outputs, not investment advice. Always match position size to liquidity and risk tolerance.
FAQs
What drove the HGO.AX stock drop after hours on 22 Jan 2026?
The fall followed a Q4 results transcript and heavy trading. Investors reacted to operational commentary and guidance. Volume hit 79,706,405 shares, signaling short-term selling pressure and repositioning by traders.
What is Meyka AI’s view on HGO.AX stock performance?
Meyka AI rates HGO.AX 63.30/100 (Grade B, HOLD). The model highlights low leverage and fair EV/EBITDA but flags negative EPS and margin pressure as risks to near-term performance.
What price levels should traders watch for HGO.AX stock?
Key levels: support near A$0.03, immediate support A$0.047, resistance A$0.054, and year high A$0.0575. Watch volume and the 50-day average A$0.04103 for trend confirmation.
How do Meyka forecasts compare to HGO.AX current price?
Meyka AI’s forecast model projects A$0.04 monthly and A$0.02055 yearly. Versus the current A$0.049, the model implies downside of about 18.37% monthly and 58.18% yearly. Forecasts are projections, not guarantees.
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.
