SUV.AX Suvo Strategic Minerals ASX A$0.031 close 23 Jan 2026: oversold bounce
SUV.AX stock closed on the ASX at A$0.031 on 23 Jan 2026, putting Suvo Strategic Minerals Limited within a near-term oversold setup. Volume finished at 72,216 versus an average of 413,750, and the day range was A$0.031–A$0.034. The share price sits above the year low of A$0.027 yet well below the 200-day average of A$0.046, which frames a short-term bounce trade for nimble traders. We outline the data points, risks and a model forecast to show where buyers may re-enter the stock.
Price action and liquidity: SUV.AX stock
Suvo Strategic Minerals (SUV.AX) ended the ASX session at A$0.031 after opening at A$0.034. The one-day change was flat but momentum reads weaker across timeframes: 1M -8.82%, 3M -13.89%, 6M -42.59%, and YTD -20.51%. Trading remains thin; today’s 72,216 volume is 0.17x of the 50-day average, creating potential price swings on relatively small orders.
Fundamentals and valuation: SUV.AX stock
Suvo reports a market cap of A$31,295,120.00, trailing metrics show EPS -0.01 and PE -3.10, reflecting negative earnings. Price-to-book is 2.22 versus the Basic Materials sector average PB 11.25, which indicates Suvo trades cheaper than many peers on that metric. Revenue per share last twelve months is A$0.014, with book value per share A$0.0139 and current ratio 1.60, so short-term solvency is intact but profitability is negative.
Technical setup for an oversold bounce: SUV.AX stock
Price sits near recent support at A$0.027 and well below the 50-day average A$0.036 and 200-day average A$0.046, a classic oversold location for a bounce trade. Key signals supporting a bounce: compressed range today (A$0.031–A$0.034), strong relative decline over 6 months, and low volume that can magnify quick reversals. Warning: technical indicators show limited reliable readings due to thin data and zeroed RSI outputs in our feed.
Meyka AI grade and forecast: SUV.AX stock
Meyka AI rates SUV.AX with a score out of 100: 63.57 | Grade B | Suggestion: HOLD. 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$0.05360 over one year. That compares to the current A$0.031, implying an upside of 72.94%. Forecasts are model-based projections and not guarantees. We mention Meyka AI as an AI-powered market analysis platform used to generate the projection.
Risks and liquidity constraints: SUV.AX stock
Major risks include negative profitability (ROE -55.54%), a small market cap, thin trading and reliance on commodity markets in the Basic Materials sector. Debt metrics are modest (debt-to-equity 0.14) but cash per share is only A$0.0036, increasing funding risk if markets stay weak. Low liquidity can amplify losses and widen bid-ask spreads for larger orders.
Analyst outlook and price targets: SUV.AX stock
For short-term traders we set a tactical bounce target at A$0.045 and a 12-month target aligned with Meyka’s model at A$0.054. The short-term target implies upside of 45.16% from A$0.031 and the 12-month target implies 72.94%. A conservative scenario keeps SUV.AX below A$0.035 if sector commodities soften or liquidity worsens. For company details see the official site Suvo website and ASX reference ASX.
Final Thoughts
Key takeaways: SUV.AX stock closed at A$0.031 on 23 Jan 2026, trading with low volume and a stretched decline over six months that sets up an oversold bounce opportunity for short-term traders. Fundamentals are weak—EPS -0.01, PE -3.10 and negative ROE—so any bounce should be treated as tactical rather than a signal of durable turnaround. Meyka AI’s forecast model projects A$0.05360 in one year, implying an upside of 72.94% from today’s price; short-term traders might target A$0.045 for a quick rebound. Maintain tight risk controls because thin liquidity and negative margins increase downside risk. Forecasts are model-based projections and not guarantees.
FAQs
What is the current price and short-term setup for SUV.AX stock?
SUV.AX stock closed at A$0.031 on 23 Jan 2026. The stock shows an oversold setup after multi-period declines and low volume, which can produce a short-term bounce but also higher volatility and execution risk.
What forecast and upside does Meyka AI give for SUV.AX stock?
Meyka AI’s model projects A$0.05360 in one year for SUV.AX stock, implying an upside of 72.94% versus today’s A$0.031. These are model projections and are not guarantees.
What are the main risks for investors in SUV.AX stock?
Key risks for SUV.AX stock include negative earnings (EPS -0.01), weak profitability (ROE -55.54%), small market cap (A$31,295,120.00) and thin liquidity, which can amplify losses and widen spreads.
What price targets should traders consider for SUV.AX stock?
For SUV.AX stock we suggest a tactical short-term target A$0.045 and a 12-month target A$0.054 aligned with the Meyka forecast. Use stop-losses given volatility and limited liquidity.
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.
