What drove the after-hours jump in GAS.AX stock?

The after-hours jump to **A$0.037** was driven by sector momentum and heavy trading volume of **3,852,386** shares. Broader energy supply concerns and LNG market moves lifted speculative interest in ASX gas explorers rather than a company-specific announcement.

What are the key valuation metrics for GAS.AX stock?

Key metrics: market cap **A$14,577,107**, EPS **-0.01**, P/E **-3.70**, price-to-book **0.34**, and book value per share **A$0.1087**. These show a low market valuation relative to book value but negative earnings and cash flow.

What is Meyka AI's short-term forecast for GAS.AX stock?

Meyka AI's forecast model projects **A$0.02** monthly and **A$0.04** quarterly. Against the current **A$0.037** price, that implies **-45.95%** to the monthly forecast and **+8.11%** to the quarterly forecast. Forecasts are model-based projections and not guarantees.

Should investors treat GAS.AX stock as a buy after this rally?

Given mixed fundamentals, low cash flow, and volatile trading, most analysts and Meyka AI suggest caution. The Meyka grade is **B (HOLD)** with model caveats. Active traders may use tight risk controls; long-term investors should seek clearer operational progress.

AU Stocks

Up 42% to A$0.037: GAS.AX State Gas Limited (ASX) after hours, watch heavy volume

ByHuzaifa Zahoor March 10, 2026March 10, 2026

GAS.AX stock led ASX gainers after hours, jumping 42.31% to A$0.037 on a heavy volume burst of 3,852,386 shares. The move followed broad energy sector strength after Middle East supply risks pushed oil and gas sentiment higher. Traders should note intraday range A$0.027–A$0.038, a three-month price rise of 19.35%, and a market cap near A$14,577,107. We set out quick drivers, valuation metrics, technicals, Meyka AI grade and short-term forecast to frame the trade for Australian energy investors.