BNL.AX down 20% to A$0.004 at close 19 Feb 2026: Monitor liquidity and earnings

BNL.AX stock fell 20.00% to A$0.004 at the ASX close on 19 Feb 2026, making it one of the day’s top losers. Trading volume surged to 8,942,178 shares, above the 50-day average of 5,369,014, highlighting thin liquidity and sharper moves. The cut reflects weak fundamentals, a negative EPS of -0.01, and pressure in small-cap Energy names. Investors should track liquidity, the upcoming earnings date, and any operational updates from Blue Star Helium Limited.