Why did SPX.AX jump 50.00% pre-market on 03 Jan 2026?

The move appears driven by short-term buying and low liquidity in this micro-cap stock; there was no public company announcement tied to the spike. Volume was elevated at 7,423,073 vs average 8,063,946, amplifying price moves.

What are the main valuation metrics for Spenda Limited?

Key metrics: market cap A$972,972, price-to-sales ~0.09, price-to-book ~0.06, EPS -A$0.01 and enterprise value A$2,043,873, reflecting a small market cap with negative earnings and cash flow.

What does Meyka AI forecast for SPX.AX?

Meyka AI's forecast model projects a 12-month baseline price of A$0.002 compared with the current A$0.003, implying roughly -33.33% downside. Forecasts are model-based projections and not guarantees.

What should traders watch next for SPX.AX?

Monitor ASX filings, the earnings announcement on 26 Feb 2026, on‑balance volume changes, and any capital raises. A sustained break above A$0.005 would be a higher‑confidence technical signal.

AU Stocks

SPX.AX up 50.00% pre-market 03 Jan 2026: top ASX gainer, watch key levels

ByDanny Kontos January 2, 2026January 2, 2026

The SPX.AX stock surge leads ASX pre-market movers on 03 Jan 2026 after Spenda Limited (SPX.AX) trade printed A$0.003, up A$0.001 or 50.00% from the previous close. Volume is elevated at 7,423,073 shares versus an average 8,063,946, keeping the stock in focus for short-term traders. We break down the drivers, valuation, technical setup and what Meyka AI’s models project next for this small-cap technology firm listed on the ASX in Australia.