What drove the intraday move in DEG.AX stock today?

The intraday drop to **A$2.46** and volume spike to **137,596,438.00** shares reflect heavy trading flows and position adjustments. No single public earnings update triggered the move; market participants appear to be reacting to liquidity and sector flows in Basic Materials.

How does Meyka AI view DEG.AX stock?

Meyka AI rates DEG.AX **58.74/100 (C+)** with a HOLD suggestion. The model considers benchmarks, sector performance, financial growth and analyst signals. This is informational only and not investment advice.

What are realistic price targets for DEG.AX stock?

Near-term technical target is **A$2.80**. Meyka AI’s model projects **A$2.79** at 12 months, **A$3.85** at 3 years and **A$4.90** at 5 years. Forecasts are model-based projections and not guarantees.

What are the main risks for DEG.AX stock investors?

Primary risks include gold price volatility, project execution at Mallina, capex needs and timing of resource conversion. The company currently shows negative EPS and no dividend, so returns depend on exploration success and commodity cycles.

AU Stocks

DEG.AX De Grey Mining (ASX) slides 8.21% on heavy volume 19 Feb 2026: outlook

ByDanny Kontos February 19, 2026

DEG.AX stock is trading at A$2.46, down -8.21% intraday on the ASX on 19 Feb 2026, with volume spiking to 137,596,438.00 shares. The heavy turnover makes De Grey Mining Limited (DEG.AX) one of the most active names on the Australian market right now. Traders are pricing short-term uncertainty despite a 50-day average price of A$2.25 and a 200-day average of A$1.75. We summarise the intraday move, key metrics, Meyka AI grade and a model forecast to help frame short-term trading and longer-term outlook.