What caused the HMG.AX stock spike today?

The pre-market spike to A$0.155 was driven by heavy volume of 749,839 shares, sector momentum and short-covering. There was no company-specific announcement in our feed; small-cap gold names often move on flow and peer activity rather than fresh releases.

What is Meyka AI's rating and what does it mean for HMG.AX?

Meyka AI rates HMG.AX **59.19 (C+, HOLD)**. The grade blends benchmark and sector comparisons, growth, metrics and analyst signals. It indicates mixed signals: speculative upside but material execution and cash risk.

What price targets should traders use for HMG.AX stock?

Use short targets: a near resistance band at **A$0.16–0.20**, a base case **A$0.12**, and a downside support near **A$0.05**. Tight stops are advised due to elevated RSI and thin market depth.

How does the Meyka forecast compare to the current price?

Meyka AI's forecast model projects monthly **A$0.12** and yearly **A$0.05284**. Versus the current **A$0.155**, that implies roughly **-22.58%** monthly and **-65.88%** yearly changes. Forecasts are model projections and not guarantees.

AU Stocks

HMG.AX Hamelin Gold (ASX) pre-market up 34.78% to A$0.155 Feb 2026: Watch volume

ByHuzaifa Zahoor February 24, 2026February 24, 2026

Hamelin Gold Limited (HMG.AX) jumped 34.78% to A$0.155 in pre-market trade on 25 Feb 2026 on heavy volume of 749,839 shares. The move makes HMG.AX stock the top high-volume mover on the ASX basic materials tape this session. Intraday range ran from A$0.14 to A$0.155 with a relative volume of 8.71, signalling outsized retail or speculative flows. We summarise what drove the spike, how liquidity and technicals line up, and what the Meyka AI model now projects for short and medium horizons.