Pre-market: SUH.AX down 11.63% on ASX, price A$0.038: What traders watch
SUH.AX stock opened the ASX pre-market down 11.63%, trading at A$0.038 after an early bid washout that pushed volume to 269,830 shares. Southern Hemisphere Mining Limited (SUH.AX) is the day’s top loser on the ASX basic materials list, reversing a recent 5-day gain. This note breaks down the drivers behind the move, valuation metrics, technical setup, and our model forecast for short and medium terms.
Market snapshot: SUH.AX stock performance pre-market
Southern Hemisphere Mining Limited (SUH.AX) trades on the ASX at A$0.038, down A$0.005 from yesterday’s close of A$0.043. The stock hit a day low of A$0.038 and a day high of A$0.039 on volume 269,830, below the 50-day average of 365,964 shares.
Price drivers and recent news affecting SUH.AX
The intraday drop follows thin liquidity and profit-taking after a short 5-day rally of 23.53%. Southern Hemisphere Mining remains exploration-focused in Chile with no new production updates; market moves appear driven by headline trading and low free float rather than a company announcement. For company background see Southern Hemisphere Mining website.
Valuation and financial snapshot for SUH.AX
SUH.AX shows EPS -0.01 and PE -3.80, reflecting negative earnings at this exploration stage. Market cap is A$27,977,122.00 with shares outstanding 736,240,044, price/book ratio 23.24, and current ratio 12.82, signalling ample short-term liquidity but very low sales and cash generation.
Technical setup and trading indicators
Short-term indicators show neutral momentum: RSI 53.55 and ADX 23.04, while Bollinger upper band sits at A$0.04 and lower at A$0.03. The stock’s 50-day average is A$0.03602 and 200-day average A$0.03480, suggesting the recent move still sits near short-term support levels.
Meyka AI grade and model forecast for SUH.AX
Meyka AI rates SUH.AX with a score of 32 out of 100 (C-): SELL. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly A$0.03794 and 3-year A$0.04660, reflecting near-term flat guidance and modest medium-term upside. Forecasts are model-based projections and not guarantees.
Risks, catalysts and short-term outlook
Key risks include continued low liquidity, missing drill results, and commodity price swings in copper and gold markets. Catalysts that could push SUH.AX higher are positive exploration assays, JV deals in Chile, or sector-wide commodity strength. Traders should watch upcoming earnings announcement scheduled for 04-Mar-2026 and sector momentum on the ASX basic materials index. For quick reference see the ASX homepage ASX.
Final Thoughts
SUH.AX stock is the ASX pre-market top loser after an 11.63% dip to A$0.038, driven mainly by low liquidity and short-term profit-taking. Meyka AI’s forecast model projects a yearly price of A$0.03794 (implied -0.16% vs current price) and a 3-year projection of A$0.04660 (implied +22.62%). Our valuation view remains cautious: conservative price target A$0.03 (implied -20.79%), base A$0.04 (implied +5.26%), bullish A$0.07 (implied +84.21%). These targets reflect exploration-stage risk, negative EPS (-0.01) and thin trading volume. Investors relying on company catalysts should monitor drill results, cash position and any JV announcements. Forecasts are model-based projections and not guarantees. For ongoing data and real-time alerts use Meyka AI’s platform and the SUH.AX stock page on Meyka for live tracking.
FAQs
What is the current SUH.AX stock price and change?
SUH.AX stock trades pre-market at A$0.038, down A$0.005 or 11.63% from the previous close of A$0.043. Volume is 269,830 shares, below its 50-day average of 365,964.
What are the main valuation metrics for Southern Hemisphere Mining (SUH.AX)?
Key metrics: EPS -0.01, PE -3.80, price/book 23.24, market cap A$27,977,122.00, and current ratio 12.82. These reflect exploration-stage operations with limited revenue and negative earnings.
What price targets and forecast does Meyka AI provide for SUH.AX?
Meyka AI’s forecast model projects yearly A$0.03794 and 3-year A$0.04660. Suggested price range: conservative A$0.03, base A$0.04, bullish A$0.07. Forecasts are projections and not guarantees.
What short-term catalysts should traders watch for SUH.AX?
Watch exploration assay results, JV or farm-in agreements in Chile, and the earnings announcement on 04-Mar-2026. Also track ASX basic materials sector moves and copper/gold price trends.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
