What is driving today's move in MMR.AX stock?

Today’s move in MMR.AX stock reflects heavy volume and renewed attention to MEC Resources’ exploration permits, plus speculative flows; no major broker revisions were public at the time of writing.

What are realistic price targets for MMR.AX stock?

Scenario targets: conservative A$0.005, base A$0.008, bullish A$0.012 based on range, book value and small-cap exploration comparables on the ASX in AUD.

How does Meyka AI rate MMR.AX stock?

Meyka AI rates MMR.AX with a score out of 100: 67.86, Grade B, Suggestion HOLD; the grade factors in benchmarks, sector performance, growth, metrics and consensus and is not a guarantee.

What technical levels should traders watch for MMR.AX stock?

Watch support at A$0.006 and A$0.0055, resistance at A$0.009 and A$0.011; RSI 65 and ADX 28 reflect strong short-term momentum but CCI shows overbought.

AU Stocks

MMR.AX MEC Resources (ASX) up 40% pre-market 06 Feb 2026: volume surge may signal re-rating

ByDanny Kontos February 5, 2026

MMR.AX stock opened the ASX pre-market session sharply higher after a 40.0% intraday jump to A$0.007 on heavy turnover of 729,371 shares, up from the prior close of A$0.005. This price move places MEC Resources Limited (MMR.AX) above its 50-day average of A$0.00507, and the relative volume of 6.15x signals outsized attention compared with the 50-day average. We examine the drivers behind the move, how the board-level permits and asset base in the Bonaparte and Sydney basins map to valuation, and what trading metrics mean for short-term momentum on the ASX in AUD.