Why did AUK.AX stock drop 33% intraday?

The intraday drop to A$0.002 stemmed from thin liquidity, negative sentiment ahead of the 26 Feb 2026 earnings, and weak fundamentals including EPS -0.01. Low market cap amplifies price moves.

What is the Meyka grade for AUK.AX?

Meyka AI rates AUK.AX with a score of 60.31 out of 100 (Grade B, HOLD). The grade weights sector and benchmark comparisons, growth, key metrics and analyst views.

What are sensible price targets for AUK.AX stock?

Near-term resistance lies at A$0.00249 (50‑day average) and year high A$0.005. Meyka AI's model projects A$0.00029 yearly. Targets depend on earnings and liquidity, so risks remain high.

When is the next earnings update for AUK.AX?

AuMake Limited is scheduled to announce earnings on 26 Feb 2026. That release is the main near-term catalyst for AUK.AX stock and may drive further volatility.

AU Stocks

AUK.AX AuMake Limited (ASX) falls 33% intraday 24 Feb 2026: key risks and next levels

ByDanny Kontos February 24, 2026February 24, 2026

AUK.AX stock plunged 33.33% intraday on the ASX on 24 Feb 2026, trading at A$0.002 after opening at A$0.002 and volume of 712150.00 shares. The move makes AuMake Limited (AUK.AX) one of today’s top losers as traders reacted to thin liquidity and continued negative fundamentals. We use Meyka AI’s real-time data to link the price drop to weak earnings metrics, low average price and a looming earnings release on 26 Feb 2026.