QXR.AX fell 20% to A$0.004 on ASX 17 Feb 2026: liquidity and outlook

QXR.AX stock slid 20.0% to A$0.004 at market close on the ASX on 17 Feb 2026, making it one of today’s biggest losers. The move follows thin trading — 20,000 shares traded versus an average of 2,321,300 — and highlights liquidity pressure in a small-cap Basic Materials explorer. QX Resources Limited (QXR.AX) focuses on gold and base metals in Queensland and WA and reports EPS A$-0.01 and a negative PE. We review the drivers, key ratios and what that means for near-term price targets and risks.