BLU.AX stock -28.57% ASX after hours 09 Mar 2026: heavy volume flags valuation risk

BLU.AX stock plunged -28.57% in after-hours trade on 09 Mar 2026, closing at A$0.005 on the ASX. Blue Energy Limited (BLU.AX) recorded 24,958,745.00 shares traded, well above its average volume of 2,494,421.00, signalling forced selling or margin exits. The move follows a thin market for this small-cap energy explorer and comes ahead of an earnings announcement scheduled for 17 Mar 2026. We review price action, fundamentals, and Meyka AI forecast to explain why BLU.AX is among today’s top losers on the ASX in Australia.