HHR.AX Hartshead Resources NL (ASX) A$0.012, 74.55M vol 29 Jan 2026: liquidity check
HHR.AX stock closed the ASX session at A$0.012, down -7.69%, on 74,546,656 shares traded on 29 Jan 2026. The volume made Hartshead Resources NL one of the ASX most active names today. High turnover and a low per-share price amplify liquidity and short-term volatility for traders.
Price action and volume: HHR.AX stock most active
HHR.AX stock fell from the previous close of A$0.013 to A$0.012 with a day high of A$0.013 and day low of A$0.012. Trading volume of 74,546,656 outpaced average daily volume of 11,005,034, giving a relative volume of 6.77, a clear sign of outsized interest today.
Fundamentals and valuation: HHR.AX stock financials
Hartshead Resources NL (HHR.AX) shows a market cap of A$33,704,186.00 and 2,808,682,127 shares outstanding. Book value per share is A$0.01203 and cash per share is A$0.00565, producing a price-to-book near 0.998. The company reports negative earnings metrics and a negative PE ratio, reflecting exploration-stage results.
Technical read and momentum: HHR.AX stock indicators
Technicals show a strong short-term trend. RSI at 88.04 signals overbought conditions and ADX at 53.12 indicates a strong trend. Bollinger upper band sits at A$0.02 and the middle band at A$0.01, supporting a tight trading range with elevated momentum readings today.
Catalysts and near-term events: HHR.AX stock news and calendar
Hartshead holds interests across the UK Southern North Sea, Gabon and Madagascar, with Licence P2607 central to value. The next earnings notice is scheduled for 17 Mar 2026. Any operational update or farm-out news ahead of that date could move the stock materially.
Risks and liquidity profile: HHR.AX stock risks
HHR.AX stock carries exploration risk, low price per share, and high share count that magnifies dilution risk. Despite strong current ratio metrics, operating cash flow per share is negative and free cash flow is negative, which raises funding and execution risk for junior E&P assets.
Meyka AI grade and forecast: HHR.AX stock rating and outlook
Meyka AI rates HHR.AX with a score out of 100: 63.69 | Grade B | HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly A$0.010 and yearly A$0.00791. Against the current price A$0.012, the monthly projection implies a -16.67% move and the yearly projection implies -34.25%. Forecasts are model-based projections and not guarantees.
Final Thoughts
HHR.AX stock was among the ASX most active names on 29 Jan 2026, trading A$0.012 on 74,546,656 shares. Heavy turnover shows market attention, but fundamentals remain typical of a junior oil and gas explorer: negative earnings, negative cash flow per share, and a high share count. Technically the stock shows strong short-term momentum and overbought signals, raising the chance of a pullback to the A$0.01 area. Meyka AI’s forecast model projects monthly A$0.010 and yearly A$0.00791, implying downside from today’s price. Our practical price range for active traders is A$0.006 to A$0.015 over 12 months depending on operational news or funding moves. Investors should weigh the speculative sector risk, liquidity profile, and upcoming 17 Mar 2026 earnings update before adding HHR.AX stock to a long-term portfolio. Meyka AI provided this AI-powered market analysis to frame trade and research decisions.
FAQs
What drove HHR.AX stock’s heavy volume today?
High trading in HHR.AX stock came from a mix of speculative interest and news watching for exploration updates. The stock’s low per-share price and active social mentions often boost turnover and create large intraday swings.
What is Meyka AI’s forecast for HHR.AX stock?
Meyka AI’s model projects monthly A$0.010 and yearly A$0.00791 for HHR.AX stock. These projections imply a -16.67% and -34.25% move versus the current price of A$0.012. Forecasts are not guarantees.
Is HHR.AX stock a buy for dividend income?
HHR.AX stock currently pays no dividend and shows negative earnings and free cash flow. It is not suitable for dividend income investors. The stock is speculative and better viewed for event-driven or high-risk exposure.
When is the next earnings date for HHR.AX stock?
Hartshead Resources NL lists the next earnings announcement on 17 Mar 2026. That date is a key catalyst and may affect HHR.AX stock price depending on operational or funding disclosures.
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.
