A$15.77 intraday: SSR Mining (SSR.AX) ASX oversold bounce Feb 2026 target A$16.80
SSR.AX stock is trading at A$15.77 intraday on 21 Feb 2026 after a short-term oversold move that is showing a bounce setup. The market has pushed price back above the 50‑day average A$15.45 while volume sits at 30,904 shares versus an average of 26,466, signalling follow‑through interest. Traders watching an oversold bounce can use the 50‑day and the recent buyback and note‑redemption headlines as catalysts for a short entry with tight risk control.
Intraday technical setup: SSR.AX stock oversold bounce
Price is A$15.77 intraday with a day low A$15.65 and day high A$15.94, sitting just above the 50‑day average A$15.45 and well above the 200‑day average A$10.60, which supports a short‑term bounce scenario for SSR.AX stock.
Catalysts and news that move price
Recent company actions — a board‑approved A$300.00M buyback and a notice to redeem US$227.50M in convertible notes — have tightened share supply and are cited by management as cash priorities, linking directly to intraday strength in SSR.AX stock (BusinessWire).
Fundamentals and valuation for SSR.AX stock
Key metrics show market cap A$3.19B, EPS -2.16, PE -7.30, price/book 0.71, current ratio 3.95, and debt/equity 0.11, indicating a well‑capitalised gold producer with mixed profit metrics but attractive book value relative to price.
Meyka AI grade and technical context for SSR.AX stock
Meyka AI rates SSR.AX with a score out of 100: 62.51 — Grade B, Suggestion HOLD; this grade factors in S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus, and is provided for informational purposes only.
Trading plan: oversold bounce strategy for SSR.AX stock
A pragmatic intraday plan: enter near A$15.70–A$15.80, initial stop A$15.20 (risk ~A$0.57), short target A$16.80 and secondary target A$18.50, with size sized for a defined risk reward on the bounce.
Risks and watchpoints for SSR.AX stock
Watch gold price swings, Q4 results commentary and conversion activity ahead of the convertible note conversion deadline, since unexpected operational updates or rapid converts could quickly reverse an oversold bounce in SSR.AX stock.
Final Thoughts
Short‑term momentum and corporate supply moves support an intraday oversold bounce in SSR.AX stock at A$15.77 on 21 Feb 2026, driven by a recent A$300.00M buyback and the redemption of convertible notes that reduce floating supply. Liquidity is modest with volume 30,904 and relative volume 1.17, so use tight stops. Fundamental metrics show mixed signals: negative EPS -2.16 and negative P/E -7.30, but a low price/book 0.71 and strong current ratio 3.95. Meyka AI’s forecast model projects a short‑term bounce to A$16.80 (implied upside 6.53%) and a 12‑month model target of A$18.50 (implied upside 17.33%) versus the current A$15.77; forecasts are model‑based projections and not guarantees. For active traders the setup fits an oversold bounce trade; for longer‑term investors monitor operational results and buyback execution before adjusting exposure. For the live quote and data, see SSR.AX on Meyka and read the Q4 call notes for context (Seeking Alpha).
FAQs
What is the current price of SSR.AX stock today?
SSR.AX stock is trading at A$15.77 intraday on 21 Feb 2026 with a day range A$15.65–A$15.94 and volume 30,904 shares versus an average of 26,466.
What short targets should traders use on the oversold bounce?
A pragmatic short‑term plan sets a first target at A$16.80 and a secondary target near A$18.50, with a protective stop around A$15.20 to keep risk defined.
How does Meyka AI grade SSR.AX stock?
Meyka AI rates SSR.AX with a score out of 100: 62.51, Grade B, Suggestion HOLD; this factors in benchmarks, sector and company metrics and is not financial advice.
What are the main risks to the outlook for SSR.AX stock?
Primary risks are gold price volatility, operational updates from mines, and share issuance from convertible conversions or buyback changes, any of which can flip an oversold bounce quickly.
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.
