What drove DEG.AX stock’s heavy trading on 26 Jan 2026?

A combination of profit-taking after recent gains and at least one large block trade drove volume to 137,596,438 shares. The move occurred despite no major company announcement, suggesting portfolio rebalancing or institutional activity.

What is Meyka AI’s short-term forecast for DEG.AX stock?

Meyka AI's forecast model projects **A$2.79** over the next year, implying about **13.32%** upside from the closing price of **A$2.46**. Forecasts are model-based projections and not guarantees.

Is DEG.AX stock undervalued based on financials?

Not currently. DEG.AX has negative EPS and a high price-to-book of **3.55**, reflecting exploration-stage valuation rather than earnings. Investors often value De Grey on resources and drill success rather than short-term earnings.

What price targets should traders use for DEG.AX stock?

Near-term traders may target **A$2.80** on a rebound and watch support near **A$2.00**. Longer-term model targets from Meyka AI are **A$3.85** at three years and **A$4.90** at five years. Adjust targets for risk tolerance.

AU Stocks

DEG.AX De Grey Mining (ASX) down 8.21% to A$2.46 on 26 Jan 2026: heavy volume signals active trading

ByDanny Kontos January 26, 2026

DEG.AX stock led ASX activity on 26 Jan 2026, slipping 8.21% to A$2.46 as traders dumped shares on heavy turnover. Volume surged to 137,596,438 shares, roughly 8.69x average, marking De Grey Mining Limited (DEG.AX) the most active ASX-listed miner today. The move came from a high open at A$2.68 and a daily low at A$2.46, and it reflects short-term profit-taking after a strong YTD gain of 37.43%. We break down price action, liquidity, valuation, Meyka AI grading and forecasts to help investors weigh the risk-reward ahead of upcoming catalysts.