What drove the NMR.AX stock rally today?

The rally was driven by heavy volume of **7,886,180.00** shares and momentum buying. No confirmed earnings release was reported. In small-cap explorers like Native Mineral Resources, speculative buying, short-covering, or rumoured exploration news often triggers big moves.

How does Meyka AI rate NMR.AX?

Meyka AI rates NMR.AX **59.55 out of 100 (Grade C+, HOLD)**. The grade reflects comparisons to benchmarks and sector metrics, financial growth, key ratios, and analyst consensus. This is informational, not financial advice.

What is NMR.AX price outlook and forecast?

Meyka AI's forecast model projects **A$0.04** monthly and **A$0.08** quarterly versus the current **A$0.096**, suggesting possible downside at shorter horizons. Forecasts are model-based projections and not guarantees.

Should I buy NMR.AX stock after this spike?

Decide based on risk tolerance. The stock is volatile with weak liquidity and negative earnings. Short-term traders may exploit momentum. Long-term investors should wait for confirmatory operational news or stronger financials before buying.

AU Stocks

NMR.AX up 28% to A$0.096 on ASX 06 Feb 2026 Market Closed: high-volume momentum

ByHuzaifa Zahoor February 6, 2026February 6, 2026

NMR.AX stock led ASX gainers on 06 Feb 2026 after Native Mineral Resources Holdings Limited rose 28.00% to A$0.096 at market close. Trading volume reached 7,886,180.00 shares, more than three times average volume, driving a sharp intraday move from an open of A$0.081. The jump outpaced the Basic Materials sector, which was down for the day, making Native Mineral Resources Holdings Limited (NMR.AX) a standout on the ASX in Australia. Meyka AI, an AI-powered market analysis platform, flagged the move as momentum-driven and linked it to speculative buying and short-covering.