TMG.AX Trigg Minerals ASX up 9.09% intraday 24 Jan 2026: monitor 50-day trend
TMG.AX stock leads intraday gainers after rising 9.09% to A$0.12 on the ASX on 24 Jan 2026. We see the jump on volume of 9,813,815 shares and a day high of A$0.125, signalling short-term buying interest. The move follows sector strength in Basic Materials and leaves the stock near its 50-day average of A$0.13. Traders should watch momentum and near-term catalysts as we unpack valuation, technicals and a model forecast.
TMG.AX stock intraday move and volume
The immediate fact: Trigg Minerals Limited (TMG.AX) is trading at A$0.12, up 9.09% intraday with a session range A$0.11–A$0.125. Volume of 9,813,815 is below the 15,177,389 average but reflects concentrated trading interest today.
The price action places TMG.AX close to its 50-day average (A$0.13) and well above its 200-day average (A$0.09), a sign that recent momentum may be shifting back toward buyers.
Catalysts behind the top gainer move
Commodity and sector momentum in Basic Materials (YTD +12.76%) is supporting interest in exploration names, helping TMG.AX stock rise today. There is no single company announcement in the public file; the move aligns with sector flows and improved risk appetite.
Market sources and social channels show heightened mentions for Trigg’s Lake Throssell brine project, which can drive speculative trading ahead of the next corporate update. See company website for project details source.
Valuation and financial snapshot for TMG.AX stock
Trigg Minerals reports EPS -0.02 and a negative PE, reflecting exploration stage losses; market cap stands at A$152,276,704. Key ratios: PB 21.65, Price/Sales 5,209.78, current ratio 9.58, and cash per share A$0.0037.
These metrics show a thin revenue base and high valuation multiples versus peers. Investors should note enterprise value A$148,946,352 and fiscal liquidity, which currently supports exploration drilling while cash flow remains negative.
Technicals and trading signals for TMG.AX stock
Short-term indicators are mixed: RSI 40.00 suggests room to rally before overbought levels, ADX 15.05 shows no clear trend, and Bollinger bands sit A$0.10–A$0.12. The stock trades under its 50-day moving average (A$0.13) but above the 200-day (A$0.09), so the 50-day is a key resistance to monitor.
Watch order flow and whether intraday gains lift the 50-day average crossover. A sustained close above A$0.1323 would improve technical odds of a multi-week rebound.
Meyka AI grade and model forecast for TMG.AX stock
Meyka AI rates TMG.AX with a score out of 100: 64.33 | 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 yearly price of A$0.22, a quarterly target of A$0.14, and a three-year target of A$0.40. Compared with the current price A$0.12, the 12-month projection implies an upside of 83.06%. Forecasts are model-based projections and not guarantees.
Risks and outlook for TMG.AX stock
Primary risks include continued negative earnings (EPS -0.02), high price-to-book and price-to-sales ratios, and exploration outcome uncertainty that can quickly reverse gains. Lack of operating revenue leaves the stock sensitive to funding and sentiment shifts.
Upside catalysts are successful drilling results at Lake Throssell, improved sector prices for fertilizer minerals, and any binding of investor attention ahead of the next earnings announcement on 12 Mar 2026. Position sizing and liquidity checks are essential for trading TMG.AX stock.
Final Thoughts
TMG.AX stock is one of today’s ASX intraday gainers, up 9.09% to A$0.12 on 24 Jan 2026, driven by sector momentum and speculative interest in Trigg’s Lake Throssell project. Fundamentals remain early-stage: EPS -0.02, PB 21.65 and enterprise value A$148,946,352 point to a speculative profile rather than a value play. Meyka AI rates TMG.AX 64.33/100 (B, HOLD) and flags liquidity, sector tailwinds and exploration catalysts. Meyka AI’s forecast model projects a 12-month price of A$0.22 (implied upside 83.06% versus A$0.12). These model-driven targets are projections, not guarantees. Traders should weigh technical resistance at the 50-day average (A$0.1323), manage position size, and watch the 12 Mar 2026 earnings update. For project details and corporate releases visit the company site source and follow company channels such as their Twitter feed source. Meyka AI, an AI-powered market analysis platform, provides these signals as data-driven context, not personalised advice.
FAQs
What caused the intraday rise in TMG.AX stock today?
The intraday rise to A$0.12 (+9.09%) appears driven by Basic Materials sector strength and speculative interest in Trigg’s Lake Throssell project. No major company release was filed today; increased mentions and buying pressure lifted the price.
What is the Meyka AI forecast and price target for TMG.AX stock?
Meyka AI’s forecast model projects a 12-month price of A$0.22 for TMG.AX stock and a three-year target of A$0.40. The 12-month projection implies about an 83.06% upside from A$0.12. Forecasts are model-based and not guarantees.
Is TMG.AX stock a buy for income or growth?
TMG.AX stock is an exploration-stage growth/speculative play with no dividend yield and negative EPS (-0.02). It is not suited for income investors; any allocation should be for high-risk growth exposure with strict risk management.
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.
