FHS.AX falls 33% to A$0.002 on ASX close: downside risk and outlook

FHS.AX stock dropped sharply at the ASX close on 11 Mar 2026, falling 33.33% to A$0.002 on heavy volume. We saw 4,500,000 shares trade, nearly four times the average volume, and the fall followed a weak earnings signal and negative sentiment. Freehill Mining Limited (FHS.AX) trades on the ASX in Australia and explores iron, copper and gold in Australia and Chile. This note summarises the move, key ratios and what investors should watch next