What drove DEG.AX stock down after hours on 12 Feb 2026?

Heavy after-hours trading drove the fall. Volume hit **137,596,438** shares versus an average of **15,830,378**, amplifying price moves. Sector headlines and rotation among gold explorers also increased volatility.

What is Meyka AI’s grade and view for DEG.AX?

Meyka AI rates DEG.AX **58.85 out of 100 (C+)** with a **HOLD** suggestion. The grade factors in benchmark and sector comparisons, growth, key metrics, and analyst sentiment.

What price targets and forecast exist for DEG.AX stock?

Meyka AI's model projects **A$2.79** (1-year), **A$3.85** (3-year) and **A$4.90** (5-year). The one-year projection implies about **13.41%** upside from **A$2.46**.

What are the main risks for investors in De Grey Mining?

Primary risks include negative earnings, exploration setbacks, commodity price swings, and short-term liquidity-driven volatility. Maintain tight risk controls and monitor drill results.

AU Stocks

DEG.AX De Grey Mining ASX falls 8.21% to A$2.46 12 Feb 2026: catalysts to watch

ByDanny Kontos February 12, 2026February 12, 2026

The most active ASX gold name tonight, DEG.AX stock (De Grey Mining Limited, ASX) fell to A$2.46, down -8.21%, on outsized after-hours trading on 12 Feb 2026. Volume was heavy at 137,596,438 shares versus an average of 15,830,378, signalling aggressive repositioning. We note the company remains an Australian gold explorer focused on the Mallina project in Western Australia, with a market cap near A$5.92B. This update frames the price move in the context of valuation, volume, and sector news to help active traders and investors make sense of short-term risk and medium-term upside.