PET.AX down 13.33% to A$0.013 pre-market ASX 03 Jan 2026: Top risks

PET.AX (Phoslock Environmental Technologies Limited) opened pre-market on the ASX down 13.33% to A$0.013 on 03 Jan 2026, driven by heavy intraday selling and a 1,641,439-share print versus a 301,748 average. The move leaves PET.AX trading below its 50-day A$0.02478 and 200-day A$0.02495 averages, highlighting short-term momentum pressures ahead of an earnings update scheduled for 22 Jan 2026. We examine the price action, liquidity, fundamentals and what catalysts traders should watch on the ASX in Australia.