Volume spike: Eastern Metals EMS.AX (ASX) A$0.00996 on 10 Jan 2026, check liquidity

A sharp intraday move pushed Eastern Metals Limited (EMS.AX) to A$0.00996 on 10 Jan 2026, driven by an anomalous volume signal. EMS.AX stock shows a reported relative volume of 63.00 versus an average of 701,641 shares, a red flag for liquidity and order-book stress. We examine trade prints, fundamentals, technicals and a short-term forecast to frame risk and opportunity for ASX traders.