Why did PRM.AX stock spike in pre-market volume?

PRM.AX stock spiked pre-market due to a large block of trades and speculative interest. Volume was **4,928,572** shares, far above average. Micro-cap names often show sharp volume moves on limited news or trader flows.

What are the key fundamentals for PRM.AX stock to watch?

Watch EPS (**-0.04**), book value per share (**A$0.00372**), cash per share, and the March 11, 2026 earnings date. Production updates from Bowsprit and permit news are critical for PRM.AX stock.

What price target does Meyka AI give for PRM.AX stock?

Meyka AI's forecast model projects **A$0.00600** over 12 months for PRM.AX stock, implying roughly **100.00%** upside from **A$0.003**. This is a model projection and not a guarantee.

How should traders manage risk on PRM.AX stock after the volume spike?

Use tight position sizing and limit orders. Given low liquidity and big relative volume, set stop-losses and avoid large positions until deeper liquidity returns. Monitor official company announcements for confirmation.

AU Stocks

Pre-market volume spike PRM.AX Prominence Energy Ltd (ASX): A$0.003 signals interest

ByDanny Kontos February 3, 2026

A sharp pre-market volume spike hit PRM.AX stock on 04 Feb 2026 as the price traded at A$0.003. Volume reached 4,928,572 shares versus an average of 930,692, lifting relative volume to 35.67. The move comes after a -25.00% one-day change off a prior close of A$0.004. Traders should note Prominence Energy Ltd operates in the ASX Energy sector and has a small market cap of A$1,243,110.00. Meyka AI flagged this as a liquidity-driven event with potential short-term trading opportunity and higher risk for long-term holders