What drove DEG.AX stock today?

DEG.AX stock moved on heavy trading volume and sector momentum in gold. Profit taking after recent gains and ongoing drill anticipation for Mallina drove the selloff to **A$2.46** on 23 Feb 2026.

What are Meyka AI's price targets for DEG.AX stock?

Meyka AI's model projects **A$2.79** in 12 months (+13.33%), **A$3.85** in 3 years (+56.49%), and **A$4.90** in 5 years (+99.37%). Forecasts are model‑based and not guarantees.

Are there major risks for DEG.AX stock investors?

Yes. Main risks include drill results that miss expectations, swings in the gold price, and negative earnings. De Grey's EPS is **-0.01**, so exploration outcomes will strongly affect valuation.

How liquid is DEG.AX stock for active trading?

Liquidity spiked today with **137,596,438** shares traded versus an average of **15,830,378**, making DEG.AX highly tradable during the session. RelVolume was about **8.69x**, signalling temporary heavy flow.

AU Stocks

DEG.AX De Grey Mining (ASX) down 8.21% to A$2.46 23 Feb 2026: watch volume spike

ByHuzaifa Zahoor February 23, 2026February 23, 2026

DEG.AX stock closed the ASX session at A$2.46, down -8.21% on 23 Feb 2026, after heavy intraday trading. Volume surged to 137,596,438 shares versus an average of 15,830,378, making De Grey Mining Limited one of the most active ASX names at market close. The move followed profit-taking after recent gains and a stronger gold complex. We review price action, fundamentals and forecasts to show what active traders should monitor next.