What caused the DEG.AX stock drop today?

DEG.AX stock fell on profit-taking after recent gains and heavy intraday volume of **137,596,438** shares. Market rotation in the Gold sector and no new company catalysts were primary drivers.

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

Short-term outlook is cautious: Meyka AI projects **A$2.79** in 12 months for DEG.AX stock, implying **+13.32%** from **A$2.46**. Watch drilling news and gold prices.

How does De Grey’s valuation look for investors?

DEG.AX stock trades at price-to-book **3.55** with PE **-246.00** and cash per share **A$0.47**. Strong liquidity contrasts with negative earnings and heavy capex needs.

Where can I find recent DEG.AX stock historical data?

Recent price history and daily data for DEG.AX stock are available on Investing.com’s historical data page for De Grey Mining. [Investing.com historical data](https://www.investing.com/equities/de-grey-mining-ltd-historical-data)

AU Stocks

DEG.AX De Grey Mining (ASX) A$2.46 -8.21% 07 Mar 2026: watch catalysts

ByHuzaifa Zahoor March 7, 2026March 7, 2026

DEG.AX stock opened at A$2.68 and is trading intraday at A$2.46, down -8.21% on very heavy volume of 137,596,438 shares on the ASX in Australia. The move makes De Grey Mining Limited (DEG.AX) one of today’s most active names and reflects profit-taking after a recent run: the share price is still up 37.43% YTD and 121.62% over 12 months. We summarise intraday drivers, valuation, liquidity and Meyka AI’s model forecasts to show what investors should watch this session.