What drives today's DEG.AX stock volume spike?

Today's DEG.AX stock volume surge reflects concentrated buying and selling around new data flow and positioning. High relative volume (8.69x) often signals institutional activity or event-driven trades, increasing short-term liquidity and volatility.

What is the short-term price outlook for DEG.AX stock?

Short-term technical levels to watch are resistance at A$2.68–A$2.77 and support at A$2.46. Meyka AI's 12-month model price is A$2.79, implying about **+13.33%** versus current price, though this is a model projection, not a guarantee.

How does DEG.AX stock look on fundamentals?

Fundamentally, DEG.AX shows **cash per share A$0.47**, book value per share **A$0.69**, and very low debt. Earnings are negative (EPS **-0.01**), with a negative PE. The profile is cash-rich exploration with earnings risk.

Should traders use the Meyka AI grade for DEG.AX stock decisions?

Meyka AI rates DEG.AX **58.88 (C+, HOLD)** to summarise mixed fundamentals and momentum. Use the grade as one input among drill updates, gold prices and your risk plan. Grades are informational, not advice.

AU Stocks

DEG.AX De Grey Mining ASX -8.21% pre-market 28 Feb 2026: high vol, watch Mallina

ByDanny Kontos February 27, 2026

The market opened with DEG.AX stock at A$2.46, down -8.21% in pre-market trade on 28 Feb 2026, as volume surged well above normal. Traders are reacting to heavy intraday flows after an A$2.68 open and a wide intraday range between A$2.46 and A$2.68. We examine what the price, volume and fundamentals say about De Grey Mining Limited (ASX: DEG.AX) in the Australian gold sector and why active trading matters for short-term positioning.