What caused DEG.AX stock to be most active today?

DEG.AX stock saw heavy selling and high turnover; volume hit **137,596,438** versus average **15,830,378**. The spike likely reflects position rebalancing, trade execution and increased speculative activity in gold explorers on the ASX.

What is Meyka AI's short-term forecast 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 today’s **A$2.46**. Forecasts are model-based projections and not guarantees.

What valuation metrics matter for DEG.AX stock?

Key metrics include EPS **-0.01**, PE **-246.00**, price-to-book **3.55**, cash per share **A$0.47**, and market cap **A$5.92B**. These reflect an explorer with asset value emphasis over current earnings.

Should I trade DEG.AX stock on the volume surge?

High volume creates opportunity and risk. For DEG.AX stock, use strict risk controls and watch catalysts like drill results or corporate updates. Liquidity can amplify moves, so size positions accordingly.

AU Stocks

DEG.AX De Grey Mining (ASX) down 8.21% pre-market 10 Feb 2026: high volume signals most-active trade

ByDanny Kontos February 9, 2026

DEG.AX stock opened pre-market on 10 Feb 2026 at A$2.46, down -8.21% from the previous close, driven by an intraday sell-off and a volume spike to 137,596,438 shares. This price move makes De Grey Mining Limited (DEG.AX) one of the most active ASX names today. We examine price action, liquidity, valuation and model forecasts to explain why the stock is trading actively and what traders should watch next.