RED.AX stock A$0.342 on 11 Feb 2026: drivers behind the slide and what’s next

RED.AX stock closed at A$0.342 on 11 Feb 2026, down 0.87% for the session and ranking among the ASX top losers. Trading volume finished at 16,234,101 shares as intraday highs hit A$0.350 and lows touched A$0.337. The move follows mixed sector signals in Basic Materials and softer commodity sentiment. We review price drivers, fundamentals and the Meyka AI forecast to explain why Red 5 Limited (RED.AX) lagged peers today and what investors should watch next.