DEG.AX De Grey Mining (ASX) -8.21% pre market A$2.46 13 Jan 2026: volume spike
DEG.AX stock opened the pre market on 13 Jan 2026 at A$2.46, down -8.21% from the prior close. Trading is unusually active with 137,596,438 shares on the tape versus an average of 15,830,378. The move follows a wide intraday range from A$2.46 to A$2.68 and puts De Grey Mining Limited (ASX) squarely in the most active list as investors re-price gold exposure in Australia.
Price action and intraday drivers for DEG.AX stock
DEG.AX stock traded between A$2.46 and A$2.68 pre market after opening at A$2.68. The sharp volume — relative volume 8.69x — is the clearest driver of the decline. High turnover often magnifies moves in junior miners and reflects rapid rebalancing by traders.
Fundamentals and key metrics for De Grey Mining Limited (DEG.AX)
De Grey reports EPS -0.01 and a negative PE ratio reported as -246.00. Market capitalisation stands at A$5,915,069,921.00 with 2,404,499,968 shares outstanding. Book value per share is A$0.53 and cash per share is A$0.32, giving a high current ratio of 33.10, which reflects a strong cash position against liabilities.
Technical context and trading averages for DEG.AX stock
The 50-day average price is A$2.25 and the 200-day average is A$1.75, both below today’s price. Year high is A$2.77 and year low is A$0.99. Above-average volume with a rising 3-month performance of +17.70% suggests momentum, but the intraday fall shows short-term profit taking.
Sector backdrop: Gold and Basic Materials influence on DEG.AX stock
De Grey sits in the Basic Materials sector, gold industry. The sector has outperformed over three months with +25.79% performance. Large-cap miners like BHP and Rio set sentiment for gold explorers. Positive sector flows can support further re-rating, while gold price moves will remain the primary fundamental driver.
Meyka AI rating and DEG.AX technical analysis
Meyka AI rates DEG.AX with a score out of 100: 63.01 (Grade B), suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. We note technical indicators are mixed; moving averages point to medium-term strength while today’s RSI and MACD inputs are not signalling a clear reversal.
Valuation, risk and price target outlook for DEG.AX stock
Price/book sits at 4.68 and price/free cash flow reads negative, reflecting an exploration-stage company with capital expenditure needs. Near-term downside risk is liquidity-driven if volume persists. Realistic analyst-style price targets we model are: conservative A$2.20, base A$2.79, bull A$4.90, tied to resource updates and gold price moves.
Final Thoughts
Key takeaways for DEG.AX stock: the pre market drop to A$2.46 on 13 Jan 2026 is volume-led rather than driven by a single public announcement. De Grey Mining’s balance sheet shows A$0.32 cash per share and a strong current ratio of 33.10, supporting near-term funding flexibility. Meyka AI’s forecast model projects A$2.79 in one year, an implied upside of 13.33% versus the current A$2.46. Over three years the model projects A$3.85, implying 56.47% upside. Forecasts are model-based projections and not guarantees. We view trading as active and volatile. Investors should watch daily volume, resource news, and the gold price. For live trade context see recent coverage and our Meyka AI-powered market analysis platform for updates
FAQs
What moved DEG.AX stock today?
DEG.AX stock fell to A$2.46 pre market on heavy volume of 137,596,438 shares. The move reflects active trading and profit taking rather than a single company release.
What is Meyka AI’s rating for DEG.AX stock?
Meyka AI rates DEG.AX at 63.01 out of 100 (Grade B) with a suggestion to HOLD. This score uses sector, growth, metrics, and consensus inputs and is not investment advice.
What are realistic price targets for DEG.AX stock?
Our analyst-style targets are conservative A$2.20, base A$2.79, and bull A$4.90. Targets hinge on Mallina resource news and gold price direction, and are estimates not guarantees.
How does sector performance affect DEG.AX stock?
The Basic Materials gold sector has shown strong three-month gains. Sector inflows can lift explorers like De Grey, while gold price weakness would increase downside risk for DEG.AX stock.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
