BLZ.AX Blaze Minerals (ASX) down 50% on 21 Jan 2026: thin liquidity raises risk

BLZ.AX stock plunged 50.00% to A$0.001 on 21 Jan 2026 as the ASX session closed, driven by heavy selling and thin bid depth. Volume surged to 157,704,760 shares versus an average of 4,227,233, amplifying price impact for Blaze Minerals Limited (BLZ.AX) on the ASX in Australia. Market closed conditions leave limited intraday liquidity and a wide spread between the current price and the year high of A$0.004. Investors should note the company reports negative earnings per share of -0.01 and a trailing P/E of -0.15, which help explain the sharp move