Why did RDS.AX stock jump so much on 24 Feb 2026?

RDS.AX stock rose **33.33%** largely on thin trading and microcap flows. Reported session volume was **0** versus an average **2,489,242** shares, indicating the move likely came from a small trade or speculative interest rather than broad market demand.

What valuation metrics matter for RDS.AX stock?

Key metrics for RDS.AX stock are price‑to‑book **0.35**, market cap **A$3,654,936**, and lack of EPS. These figures reflect exploration stage risk, low liquidity and potential for dilution if the company raises capital for exploration.

What is Meyka AI’s forecast for RDS.AX stock?

Meyka AI's forecast model projects a one‑year price of **A$0.00252** for RDS.AX stock, implying **-36.93%** from the current **A$0.00400**. Forecasts are model‑based projections and not guarantees.

How should investors approach RDS.AX stock given current data?

Investors should treat RDS.AX stock as high risk and speculative. Low liquidity and exploration risk mean positions are best small or reserved for traders who accept volatility. Watch drill results, capital raises and ASX announcements before increasing exposure.

AU Stocks

RDS.AX stock Redstone (ASX) +33.33% to A$0.004 on 24 Feb 2026: liquidity watch

ByDanny Kontos February 24, 2026February 24, 2026

RDS.AX stock led ASX microcaps on 24 Feb 2026, climbing 33.33% to A$0.004 at market close. The move made Redstone Resources Limited (RDS.AX) one of the session’s top gainers on the ASX in Australia. Trading showed zero reported volume today against a 50‑day average of 2,489,242 shares. That gap signals a sharp price move on thin liquidity rather than broad buying.