What is the current price and daily range for RDG.AX stock?

RDG.AX stock closed at **A$0.008** on 02 Feb 2026. The day's trading range was **A$0.007–A$0.008**, and the session volume was **1,034,134** shares, above the 50‑day average.

What price targets does Meyka AI suggest for RDG.AX stock?

Meyka AI's forecast model projects a 12‑month central case of **A$0.014** for RDG.AX stock, implying **+75.00%** upside. Short-term bounce target is **A$0.015** and downside support is **A$0.006**. Forecasts are not guarantees.

What are the main risks to an RDG.AX stock bounce?

Key risks for RDG.AX stock include low liquidity, parent-company transactions, project delivery setbacks, and elevated net debt to EBITDA of **3.98**. Any negative contract news could quickly reverse a short-term rally.

How does RDG.AX stock look on valuation metrics?

RDG.AX stock trades cheap on several metrics: **PE 1.34**, **PB 0.18**, price-to-sales **0.17**, and EV/EBITDA **4.80**. Those ratios suggest value, but investors must confirm operational stability and contract backlog.

AU Stocks

A$0.008 close: RDG.AX Resource Development Group ASX 02 Feb 2026, oversold bounce

ByHuzaifa Zahoor February 2, 2026February 2, 2026

RDG.AX stock closed at A$0.008 on 02 Feb 2026, offering a clear short-term oversold bounce setup on the ASX. Trading volume finished at 1,034,134 shares, more than double the 50-day average of 439,188, which signals renewed trader interest. We review price action, fundamentals, technical triggers, and a measured price forecast to frame a pragmatic risk-reward for Australian investors considering a recovery trade.