DEG.AX stock down 8.21% pre-market at A$2.46: heavy volume points to shifting Mallina outlook
Pre-market trade shows DEG.AX stock at A$2.46, down 8.21% on heavy activity ahead of regular hours. The ASX-listed De Grey Mining Limited (DEG.AX) is moving with 137,596,438.00 shares traded so far, a relative volume of 8.69, signaling outsized interest versus the 50-day average. This article breaks down price action, recent earnings (EPS A$0.00 for the trailing figure and EPS of A$0.0015 reported 2025-02-11), key ratios, Meyka AI grade and model forecasts, and practical trade levels for Australia’s gold explorer.
DEG.AX stock price action and liquidity
The most important market fact: DEG.AX stock opened at A$2.68 and shows a pre-market print at A$2.46, a -8.21% move from the prior close of A$2.68. Volume is 137,596,438.00, well above the average of 15,830,378.00, which suggests institutional or large retail flows are in play. The day range so far is A$2.46 to A$2.68, while the 52-week range sits between A$0.99 and A$2.77, making the current price close to the recent highs on a pullback.
DEG.AX stock fundamentals and recent earnings
De Grey Mining (DEG.AX) is a Pilbara-focused gold explorer with a market cap of A$5,915,069,921.00 and 2,404,499,968.00 shares outstanding. Recent quarterly reporting on 2025-02-11 delivered EPS of A$0.0015 versus an estimate of -A$0.00135, and revenue of A$316,947.00 against an estimate of A$316,000.00, which may explain some short-term optimism earlier in the session. Trailing metrics show cash per share A$0.32 and book value per share A$0.53, while reported PE metrics remain negative due to prior losses (reported PE in the data set: -246.00).
DEG.AX stock: Meyka AI grade and model forecast
Meyka AI rates DEG.AX with a score of 63/100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst-like consensus. Meyka AI’s forecast model projects a 1-year price of A$2.79, implying +13.32% versus the current A$2.46. The 3-year and 5-year model forecasts are A$3.85 (+56.46%) and A$4.90 (+99.37%) respectively. Forecasts are model-based projections and not guarantees.
DEG.AX stock technicals and trading levels
Technical context shows the 50-day average at A$2.25 and the 200-day average at A$1.75, which positions the stock above both short and medium-term moving averages. Key near-term resistance sits near the 52-week high A$2.77 and support near the 50-day average A$2.25. Traders should note high intraday volatility and the stock’s relVolume 8.69, which raises execution risk for large blocks. Use limit orders and monitor intraday VWAP for entries.
DEG.AX stock risks, valuation and sector context
De Grey sits in the Basic Materials sector and the Gold industry, where commodity prices and exploration results drive re-ratings. Key risks include resource drilling outcomes, capex swings, and commodity price volatility. Valuation ratios show a price-to-book of 4.68 and negative trailing earnings, so traditional PE-based valuation is not informative. The company’s current ratio and cash buffers (cash per share A$0.32) mitigate short-term funding pressure but leave growth tied to exploration success.
DEG.AX stock opportunities and strategy for most-active traders
For most-active traders, the opportunity is in event-driven moves around drill updates and resource reports. Short-term setups include buying dips toward the 50-day average A$2.25 with tight stops, or scalping breakouts above A$2.77. Position traders can compare Meyka AI’s A$2.79 12-month forecast and decide on risk sizing. Stay aware of liquidity: intraday volume can spike, as shown by today’s 137,596,438.00 share print.
Final Thoughts
Key takeaways on DEG.AX stock: the pre-market drop to A$2.46 on heavy volume marks a clear reset in short-term positioning for De Grey Mining on the ASX in Australia. Fundamentals show cash per share A$0.32 and book value A$0.53, but earnings remain variable and PE measures are negative. Meyka AI rates DEG.AX 63/100 (B, HOLD) and projects a one-year model price of A$2.79 (+13.32%). For active traders, watch support at the 50-day A$2.25 and resistance near A$2.77. For medium-term investors, the decision hinges on upcoming drill results and gold price trends. Forecasts are model-based projections and not guarantees. For live filings and company updates see De Grey’s site and ASX company page, and track the Meyka AI stock page for real-time signals
FAQs
What drove the pre-market move in DEG.AX stock today?
The pre-market decline to A$2.46 on heavy volume reflects event-driven trading and recent earnings prints. Large volume (137,596,438.00) and mixed EPS headlines prompted short-term profit taking ahead of further drill results.
What is Meyka AI’s short-term forecast for DEG.AX stock?
Meyka AI’s forecast model projects a 12-month price of A$2.79 for DEG.AX stock, implying a projected upside of +13.32% from the current A$2.46. Forecasts are model-based projections and not guarantees.
Which technical levels should traders monitor for DEG.AX stock?
Traders should watch immediate support at the 50-day average A$2.25 and resistance near the 52-week high A$2.77. High intraday volume and relVolume 8.69 increase execution risk.
How does De Grey Mining’s balance sheet affect DEG.AX stock risk?
De Grey shows cash per share A$0.32 and a strong current ratio, which lowers near-term funding risk. The stock remains sensitive to exploration outcomes and capex needs, so equity dilution risk exists if capital is required.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
