Why did NAE.AX stock fall today?

NAE.AX stock fell **33.33%** to **A$0.002** primarily due to heavy selling and thin market capitalisation. No single public fundamental change was released at close, so liquidity and speculative flows in this microcap likely drove the move.

What is Meyka AI's forecast for NAE.AX stock?

Meyka AI's forecast model projects a yearly price of **A$0.00157** for NAE.AX stock, implying an estimated downside of **21.26%** from the current **A$0.002**. Forecasts are model-based and not guarantees.

Is NAE.AX stock a buy after the drop?

NAE.AX stock remains speculative. Meyka AI assigns a **B (HOLD)** grade and recommends waiting for clearer funding or positive exploration results before buying. Position sizing and strict risk controls are essential for new purchases.

When is the next NAE.AX earnings or company update?

The company has an earnings announcement scheduled for **2026-03-12**. That report and any exploration updates are likely to be key catalysts for NAE.AX stock and should be monitored closely.

AU Stocks

NAE.AX stock down 33.33% to A$0.002 on ASX: top losers — watch funding and drill news

ByHuzaifa Zahoor February 6, 2026February 6, 2026

NAE.AX stock closed among the ASX top losers after falling 33.33% to A$0.002 on 06 Feb 2026. Trade volume surged to 24,989,328.00 shares versus an average of 11,869,594.00, signalling heavy selling at the close. New Age Exploration Limited (NAE.AX) is a small-cap miner listed on the ASX in Australia and this move reflects extreme short-term volatility rather than fresh fundamental news. We examine valuation, technicals, a proprietary grade, and practical price targets to help investors assess the downside and potential catalysts.