What drove the big volume in DEG.AX stock today?

The spike to **137,596,438** shares likely reflects block selling and repositioning around Mallina project news and sector flows. Relative volume of **8.69** indicates institutional-sized activity rather than retail chatter.

What are Meyka AI’s short-term forecasts for DEG.AX stock?

Meyka AI’s forecast model projects **A$2.79** at 1 year, implying **+13.33%** from the current **A$2.46**. These are model projections and not guarantees.

Is DEG.AX stock a value buy based on fundamentals?

DEG.AX shows robust cash per share **A$0.47** and low debt, but negative EPS and operating cash flow. Value depends on Mallina development milestones and gold-price outlook; fundamentals alone do not yet justify an unconditional buy.

What technical levels matter for DEG.AX stock traders?

Short-term resistance sits around **A$2.68** (today’s open/high) and support at **A$2.46** (session low). Use the 50-day **A$2.25** and 200-day **A$1.75** as broader trend references.

AU Stocks

DEG.AX De Grey Mining (ASX) down 8.21% to A$2.46: heavy 137.60M volume signals trader interest

ByDanny Kontos February 2, 2026February 2, 2026

DEG.AX stock led ASX activity on 02 Feb 2026 after De Grey Mining Limited (ASX: DEG.AX) closed at A$2.46, down 8.21% on 137,596,438 shares traded. The sell-off pushed price to the session low of A$2.46 from an open of A$2.68, well above the 50-day average A$2.25 and 200-day average A$1.75. Volume was 8.69x average, underlining this was a liquidity-driven move. We break down valuation, technicals, Meyka AI grade and model forecasts to show potential entry points and risks for ASX investors.