IOD.AX IODM Ltd ASX hits A$0.125 on 24 Mar 2026: Volume spike merits caution

The IOD.AX stock fell 24.24% to A$0.125 on 24 Mar 2026 on a clear volume spike, a rapid move traders should not ignore. Volume reached 122,805 shares versus an average of 109,961, while the intraday range was A$0.125–A$0.13. The immediate driver looks technical rather than news-driven, but weaker margins and stretched valuation metrics make this drop significant for short-term trading and risk management on the ASX.