What drove DEG.AX’s heavy volume on 16 Feb 2026?

The large volume was profit taking after a recent run and repositioning by traders; opening at A$2.68 and closing at A$2.46 with 137,596,438.00 shares shows distribution rather than sector-wide selling.

What is Meyka AI’s short-term forecast for DEG.AX stock?

Meyka AI’s model projects **A$2.79** in 12 months, implying about **13.41%** upside versus the current A$2.46, with caveats that model outputs are projections not guarantees.

Which levels should traders watch on DEG.AX stock?

Key levels are the 50-day average at **A$2.25** as first support and the 200-day average at **A$1.75** as deeper support; resistance sits near recent highs around **A$2.77–A$2.77**.

How does De Grey Mining’s valuation compare to peers?

Standard metrics are distorted by negative earnings; price-to-book is **3.55** while Basic Materials peers show higher PB averages, so relative valuation depends on resource upside and execution rather than short-term earnings multiples.

AU Stocks

DEG.AX De Grey Mining (ASX) A$2.46 close 16 Feb 2026: heavy volume tests support

ByDanny Kontos February 16, 2026

DEG.AX stock finished the ASX session closed at A$2.46 on 16 Feb 2026, down 8.21% on heavy turnover of 137,596,438.00 shares as the market closed. Today’s move made De Grey Mining Limited (DEG.AX) one of the most active names on the ASX as traders reacted to short-term profit taking after a run higher: the share price remains above the 50-day average of A$2.25 and well above the 200-day average of A$1.75, leaving a clear technical test at current levels. Below we break down price action, fundamentals, Meyka AI grade and forecast, technicals and catalysts for investors focused on the most-active stocks on the ASX.