Market closed 23 Jan 2026: Alice Queen (AQX.AX) ASX down 26.67%: watch support
AQX.AX stock fell sharply at market close on 23 Jan 2026, dropping 26.67% to A$0.011 on the ASX. Volume surged to 9,071,328 shares, more than twice average volume, signalling strong selling pressure. The drop followed a prior run-up where the one-month gain was 175.00%, leaving short-term traders and miners watching support. We summarise price drivers, key ratios, Meyka AI grade and near-term price targets for Alice Queen Limited on the ASX.
AQX.AX stock: intraday price action and liquidity
Alice Queen Limited (AQX.AX) closed at A$0.011 on the ASX on 23 Jan 2026, down A$0.004 from the previous close of A$0.015.
Trading showed a day low of A$0.011 and a day high of A$0.014, with volume 9,071,328 versus average volume 3,196,485. The relative volume of 2.45 points to an outsized move and active order flow in a small-cap stock.
AQX.AX stock: technicals, moving averages and momentum
The stock sits above its 50-day average A$0.00554 and 200-day average A$0.00459, showing the recent rally lifted the price well above longer-term averages.
Momentum readings are mixed: RSI is 58.60 and ADX at 27.46 suggests a strong short-term trend. The sharp one-day fall increases volatility risk for traders using tight stop-losses. See the Meyka ASX profile for live charts: Meyka profile: AQX.AX.
AQX.AX stock: fundamentals and sector context
Alice Queen operates in Basic Materials and explores gold and copper in Australia, including the Horn Island project.
Key fundamentals show EPS -0.07, PE -0.16, market cap A$16,576,699.00, and shares outstanding 1,506,972,623. The basic materials sector has been stronger year-to-date, but small explorers like Alice Queen remain more volatile than large miners.
AQX.AX stock: Meyka AI grade and analyst signals
Meyka AI rates AQX.AX with a score out of 100. Meyka AI rates AQX.AX with a score of 62.90 / 100, Grade B, Suggestion: HOLD.
This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Note company-level ratings also include an external score dated 2025-03-03 showing a C- / Strong Sell for some valuation metrics.
AQX.AX stock: risks, catalysts and valuation metrics
Major risks include continued cash burn, exploration setbacks, and low liquidity in a micro-cap stock. The company shows a current ratio of 0.80 and negative operating cash flow per share -0.00316.
Catalysts would be positive drilling results, a JV or funding announcement, and stronger commodity prices. Price-to-book sits near 3.38 but price-to-sales is extreme at 490.10, reflecting minimal revenues and exploration-stage status.
AQX.AX stock: price targets, forecasts and scenario outlook
Meyka AI’s forecast model projects a monthly level of A$0.010, a one-year projection of A$0.00728, and a three-year figure of A$0.00232.
Using current price A$0.011, implied moves are: monthly -9.09%, one-year -33.79%, three-year -78.89%. Realistic near-term price targets we track are: conservative A$0.007 (down -36.36%), bearish A$0.003 (down -72.73%), and bullish A$0.015 (up 36.36%). Forecasts are model-based projections and not guarantees. Company updates are on the corporate site: Alice Queen website.
Final Thoughts
AQX.AX stock is a small-cap explorer showing extreme intraday moves on 23 Jan 2026, down 26.67% to A$0.011 with volume 9,071,328. The fall wipes out short-term gains but leaves the price well above long-term averages. Meyka AI rates the stock 62.90 / 100 (B, HOLD) and projects a one-year level near A$0.00728, implying about -33.79% from today. Traders should weigh tight liquidity, negative EPS -0.07, and the company’s exploration risk against potential catalysts like drilling results or funding. For active investors, watch the conservative support at A$0.007 and the year high A$0.015. Meyka AI provides this as AI-powered market analysis; forecasts are model-based projections and not guarantees.
FAQs
What drove the AQX.AX stock decline on 23 Jan 2026?
AQX.AX stock fell 26.67% on 23 Jan 2026 as heavy selling hit a micro-cap explorer. Volume spiked to 9,071,328, indicating large orders. The decline follows a rapid one-month rally and reflects liquidity and sentiment risks.
What are Meyka AI’s short-term forecasts for AQX.AX stock?
Meyka AI’s forecast model projects a monthly level of A$0.010 and a one-year projection of A$0.00728 for AQX.AX stock. These projections imply near-term downside versus the current A$0.011 and are model-based, not guarantees.
What price targets should investors watch for AQX.AX stock?
Key targets for AQX.AX stock: conservative A$0.007 (about -36.36%), bearish A$0.003 (about -72.73%), and bullish A$0.015 (about +36.36%). Monitor updates and liquidity before trading.
How does Alice Queen’s fundamentals affect AQX.AX stock risk?
Alice Queen has negative EPS -0.07, current ratio 0.80, and minimal revenues, which raise funding and dilution risk. As an exploration-stage Basic Materials company, fundamentals heighten volatility in AQX.AX stock.
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.
