What caused the RNX.AX stock drop on 13 Mar 2026?

RNX.AX stock fell after a 12 Mar 2026 earnings update that lacked fresh EPS guidance and amid low liquidity. Heavy selling against low average volume amplified the move to a close at A$0.003, a one‑day decline of 40.00%.

What are Meyka AI’s forecasts and price targets for RNX.AX stock?

Meyka AI's forecast model projects a quarterly target of A$0.01 (implied upside 233.33% from A$0.003) and a conservative technical target of A$0.005. Forecasts are model-based projections and not guarantees.

How does RNX.AX stock compare to its Basic Materials peers?

RNX.AX’s one-day decline of 40.00% far exceeded the sector’s one-day move of -3.27%, reflecting company-specific exploration and liquidity risk rather than broad sector stress.

What key ratios should investors watch for RNX.AX stock?

Watch price/book **1.34**, current ratio **0.13**, debt/equity **0.21**, and cash per share **0.00**. Improvements in cash, a stronger current ratio or drill results could reduce downside risk.

AU Stocks

RNX.AX stock down 40% to A$0.003 at ASX close 13 Mar 2026: target A$0.01

ByHuzaifa Zahoor March 13, 2026March 13, 2026

RNX.AX stock plunged 40.00% to A$0.003 at the ASX close on 13 Mar 2026, marking one of the largest single-day falls among small-cap miners. Volume rose to 830000.00 shares as traders reacted to a March 12 earnings update and thin liquidity. The move outpaced the Basic Materials sector one-day drop of -3.27%, signalling stock-specific pressure rather than a sector-wide sell-off. In this note we quantify the drivers, flag key ratios and give a model-based price outlook and risk checklist for investors in Renegade Exploration Limited (ASX: RNX.AX).