Why is PNX.AX stock rising pre-market?

PNX.AX stock is rising pre-market mainly from increased buyer interest in the Hayes Creek project and thin liquidity. Heavy volume of **1,873,675** shares amplified the move versus average volume of **1,028,919**.

What is Meyka AI’s short-term forecast for PNX.AX stock?

Meyka AI's forecast model projects **A$0.006** for PNX.AX stock in 12 months, implying about **+50.00%** upside from **A$0.004**. Forecasts are model-based projections and not guarantees.

What are the main risks for PNX Metals (PNX.AX)?

Main risks include exploration failure at Hayes Creek, low liquidity that increases volatility, and negative operating cash flow. The stock’s small market cap means news can move the price sharply.

Are there analyst price targets for PNX.AX stock?

There is no broad sell-side price target consensus available. We suggest near-term resistance at **A$0.007**, a mid-term target at **A$0.010**, and a long-term scenario target at **A$0.012**, tied to exploration success.

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Pre-market Jan 2026: PNX Metals (PNX.AX) ASX +33% to A$0.004: Hayes Creek catalyst

ByDanny Kontos January 9, 2026

PNX.AX stock is up 33.33% pre-market to A$0.004, trading on 1,873,675 shares as of this session. The move comes with a relative volume of 1.82, signalling above-normal activity on the ASX. Traders are tying the surge to renewed interest in the Hayes Creek project and thin liquidity that magnifies price swings. Market cap sits at A$23,880,839.00, and average volume is 1,028,919, so short bursts of buying can push price materially. We outline the drivers, valuation, Meyka AI grade, and short-term targets below.