What is the current price and market status of BDM.AX stock?

BDM.AX stock closed at **A$0.017** on the ASX with volume of **2,276,046** shares. The stock shows steep declines year to date and trades below its 50- and 200-day averages.

Does Meyka AI offer a forecast for BDM.AX stock?

Yes. Meyka AI's forecast model projects a base target of **A$0.040** versus the current **A$0.017**, implying **135.29%** upside. Forecasts are model-based projections and not guarantees.

What short-term trade setup fits the oversold bounce strategy?

Use a scaled entry to **A$0.020**, stops around **A$0.013–A$0.014**, and profit targets at **A$0.025** and **A$0.040**. Keep small position sizes due to volatility and low liquidity.

What are the main risks for Burgundy Diamond Mines?

Key risks include negative earnings (EPS **-0.14**), high debt-to-equity, negative book value, thin liquidity, and exploration execution risk that can quickly reverse short-term bounces.

AU Stocks

BDM.AX Burgundy Diamond Mines closes A$0.017 ASX: watch oversold bounce setup

ByHuzaifa Zahoor March 2, 2026March 2, 2026

BDM.AX stock closed at A$0.017 on the ASX at market close, after a volatile session with volume of 2,276,046 shares. The stock is deeply down year to date at -80.90%, creating the mechanical conditions for an oversold bounce. We review price action, fundamentals, and a model-based forecast to show where short-term bounces could find resistance and where downside risk remains elevated for Australian investors.