Why did CDR.AX stock drop pre-market today?

CDR.AX stock fell mainly due to low liquidity and profit-taking in a small-cap explorer. Volume spiked to 13,684 versus an average 558,307, amplifying downward pressure. No company-specific news was released before the move.

What are the key financial risks for CDR.AX stock?

Key risks include negative EPS (**-0.01**), limited revenue and potential capital raisings. Price-to-book is **4.58**, and small market cap means dilution or resource results can sharply change valuation.

What price target or forecast exists for CDR.AX stock?

Meyka AI's forecast model projects a monthly price of **A$0.03**, implying an approximate **-9.09%** move from the current **A$0.033**. Forecasts are model-based and not guarantees.

How should traders approach CDR.AX stock after the pre-market drop?

Traders should use tight risk controls, watch intraday liquidity, and avoid large positions. Catalysts to monitor are drill results, capital raises and gold-sector flows. Treat CDR.AX as high volatility small-cap exposure.

AU Stocks

CDR.AX down 17.5% to A$0.033 pre-market 18 Feb 2026: watch gold-sector signals

ByDanny Kontos February 17, 2026February 17, 2026

CDR.AX stock opened the ASX pre-market on 18 Feb 2026 down 17.5% to A$0.033 on thin trading, putting Codrus Minerals Limited among today’s top losers. Volume was 13,684 vs an average of 558,307, while relVolume sits at 6.35, signalling outsized activity on low liquidity. The move follows no fresh company release, so short-term sellers and sector weakness in gold are the likeliest drivers.