What caused DEG.AX stock to fall pre-market on 05 Mar 2026?

The pre-market drop to A$2.46 was driven by unusually high volume of 137,596,438 shares. That suggests heavy selling pressure, likely tied to short‑term traders reacting to news flow or position rebalancing rather than a single confirmed fundamental event.

What is Meyka AI's forecast for DEG.AX stock versus the current price?

Meyka AI's forecast model projects a 1‑year price of A$2.79 versus the current A$2.46, implying about +13.33% upside. These are model‑based projections and not guarantees.

How do valuation metrics look for De Grey Mining (DEG.AX)?

DEG.AX shows EPS of -0.01 and a trailing PE around -246.00. Price‑to‑book is about 3.55 and cash per share is A$0.47. Low debt reduces solvency risk but negative earnings reflect exploration investment.

What short‑term price targets should traders watch for DEG.AX stock?

Short‑term targets to watch are A$2.80 to A$3.00 based on model and technical levels. A break above A$2.80 on sustained volume could open moves to A$3.50.

AU Stocks

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

ByDanny Kontos March 4, 2026

DEG.AX stock opened lower pre-market on 05 Mar 2026 after a sharp intraday sell-off that left the share price at A$2.46, down 8.21% from yesterday. Trading volume was unusually large at 137,596,438 shares, well above the 50-day average of 15,830,378, signalling high retail and algorithmic activity. The move follows a run-up year-to-date of 37.43%, and positions De Grey Mining Limited (ASX: DEG) as one of the most active names on the ASX this morning. We summarise the drivers, valuation, Meyka AI grade, and short-term price targets to help traders watching DEG.AX stock.