What caused the DEG.AX stock fall on 28 Jan 2026?

DEG.AX stock fell after heavy selling drove price from A$2.68 to A$2.46, with unusually high volume of 137,596,438 shares. The move reflects trader repositioning, news-sensitivity around Mallina exploration, and wider volatility in resource names.

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

Meyka AI's forecast model projects a 12-month price of A$2.79 for DEG.AX stock, implying about **13.33%** upside from A$2.46. Forecasts are model-based projections and not guarantees.

Are De Grey Mining’s fundamentals supportive for DEG.AX stock?

De Grey shows exploration-stage metrics: market cap A$5.92B, EPS A$-0.01, PB 3.55 and cash per share A$0.47. These fundamentals support continued funding-driven programs, not earnings yield.

How liquid is DEG.AX stock for traders?

Liquidity spiked: today’s volume was 137,596,438 versus an average of 15,830,378 (rel. volume 8.69). Expect wider spreads and faster intraday moves when volume is elevated.

AU Stocks

DEG.AX De Grey Mining ASX closed A$2.46 (-8.21%) 28 Jan 2026: what traders should watch

ByHuzaifa Zahoor January 28, 2026January 28, 2026

DEG.AX stock fell 8.21% to A$2.46 at market close on 28 Jan 2026, trading an outsized 137,596,438 shares as the most active ASX listing today. The drop followed an opening print at A$2.68 and a day high of A$2.68, leaving the stock at its session low A$2.46. High turnover — 8.69x average volume — makes this a meaningful liquidity event for De Grey Mining Limited (ASX: DEG.AX) and shifts near-term trader positioning.