PNX.AX PNX Metals (ASX) up 33% intraday to A$0.004: Volume spike hints at upside

PNX.AX stock climbed 33.33% intraday to A$0.004 on 25 Feb 2026, driven by a volume surge of 1,873,675 shares versus an average of 1,028,919. The move places PNX Metals Limited (PNX.AX) back above short-term averages and raises investor attention for the Hayes Creek and Fountain Head projects. Trading on the ASX in AUD, the stock now trades nearer to its year high of A$0.007 and shows a relative volume of 1.82, a key metric for our high-volume movers strategy. Below we unpack price action, valuation, risks and a model forecast for PNX.AX stock.