Why did TNC.AX stock fall pre-market today?

TNC.AX stock fell pre-market on heavier volume after a short-term reversal from overbought technicals. Profit-taking, sector rotation among copper explorers, and rapid prior gains likely accelerated the sell-off.

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

Meyka AI's forecast model projects a monthly price of A$1.18 versus the current A$0.57, implying a model-based upside of about 107.02%. Forecasts are projections and not guarantees.

What key support levels should traders watch for TNC.AX stock?

Traders should watch near-term support at A$0.57 and the 50-day average at A$0.53. A deeper test would target the 200-day average near A$0.37 if selling persists.

How does TNC.AX stock stack up on fundamentals?

Fundamentals show EPS of -0.41, a negative PE, price-to-book around 1.10, cash per share A$0.10 and a current ratio of 8.76. These indicate liquidity but limited earnings and exploration-stage risk.

AU Stocks

TNC.AX True North Copper (ASX) down 17% pre-market Jan 2026: near A$0.57

ByHuzaifa Zahoor January 22, 2026January 22, 2026

The TNC.AX stock is trading down 17.39% in pre-market action on 23 Jan 2026 after an intraday range that opened at A$0.65 and hit A$0.57. We see heavier-than-average volume at 1,046,779 shares versus a 50-day average of 514,306, signalling active selling. True North Copper Limited (TNC.AX) on the ASX is being priced against exploration metrics, recent peer comparisons, and stretched technicals. This pre-market drop follows a rapid run earlier in the month, and today’s move tests near-term support that could determine the next directional leg for investors and traders.