What caused DEG.AX stock to drop pre-market?

DEG.AX stock fell pre-market on high-volume selling and a lack of fresh company news. Heavy volume, sector moves in gold, and short-term profit-taking can explain the **-8.21%** decline to **A$2.46**.

What is Meyka AI’s view on DEG.AX stock?

Meyka AI rates DEG.AX **58.85 (C+) — HOLD**. The grade factors in benchmark and sector comparisons, financial growth, key metrics and analyst signals. This is informational only and not financial advice.

What are reasonable price targets for DEG.AX stock?

Modelled targets: conservative **A$2.00**, base **A$2.79**, bull **A$4.90**. Today’s price **A$2.46** implies a base upside of **+13.33%**. Targets are model-based, not guarantees.

Which metrics should investors watch for DEG.AX stock?

Track exploration results, cash per share (**A$0.47**), shares outstanding, market cap (**A$5.92B**) and gold price moves. Watch volume and 50/200-day averages for technical direction.

AU Stocks

DEG.AX De Grey Mining (ASX) -8.21% pre-market 05 Feb 2026: heavy volume

ByHuzaifa Zahoor February 5, 2026February 5, 2026

DEG.AX stock opened pre-market at A$2.46, down -8.21% from yesterday, on a surge of trades. Volume is 137,596,438 shares versus an average of 15,830,378, signalling active trading interest on the ASX in Australia. De Grey Mining Limited (DEG.AX) is a Pilbara-focused gold explorer with a market cap of A$5,915,069,921.00. Investors are watching exploration updates and sector trends for direction.