DEG.AX De Grey Mining (ASX) down 8.21% after hours: volume surges
DEG.AX stock fell sharply after hours, sliding 8.21% to A$2.46 on a heavy trade of 137596438.00 shares. We saw a large intraday swing from an open of A$2.68 and a day high of A$2.68, which pushed relative volume to 8.69 times the norm. This move made De Grey Mining Limited (DEG.AX) one of the most active ASX names in the gold sector during post‑trade activity on 15 Jan 2026. We break down why price moved, how valuation looks, and what Meyka AI’s forecast implies for traders and investors.
DEG.AX stock: price action and volume
De Grey Mining (DEG.AX) closed after hours at A$2.46, down A$0.22 or -8.21% from the previous close of A$2.68. The session showed a day low of A$2.46 and a day high of A$2.68.
Volume was 137596438.00, well above the 30‑day average volume of 15830378.00, signalling heavy trading interest and likely active dealer flows rather than retail-only moves. High turnover and a large relative volume of 8.69 often precede short-term volatility in ASX gold stocks.
Valuation and key financial metrics for De Grey Mining (DEG.AX)
Market capitalisation stands at A$5915069921.00 with 2404499968.00 shares outstanding. Trailing EPS is -0.01 and the reported PE ratio is -246.00, reflecting negative earnings. Price to book is 3.55 and book value per share is 0.69.
De Grey’s 50‑day average price is 2.25 and 200‑day average is 1.75, showing a recent uptrend versus longer term. Cash per share is 0.47, and the company displays a very strong current ratio (industry effects and exploration cash balances), which supports ongoing drilling and development at the Mallina Gold project.
Technical and market signals for DEG.AX stock
Short‑term momentum data is muted due to after‑hours timing, but the price sitting below the day’s open and above the year low of 0.99 points to follow‑through risk. The 3‑month return is positive at 17.70%, 6‑month at 65.10%, and 1‑year at 121.62%, showing strong recent performance that can attract profit taking.
Relative to the Basic Materials sector, which is up 50.53% over six months, DEG.AX has outperformed on a 12‑month basis. Traders should watch intraday support near A$2.46 and resistance near the year high A$2.77.
Meyka AI rates DEG.AX with a score out of 100
Meyka AI rates DEG.AX with a score out of 100: 58.97 (Grade C+), suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are informative only and are not financial advice.
Key inputs: cash per share 0.47, price/book 3.55, negative EPS and high recent returns. The proprietary grade reflects strong asset backing and exploration upside, offset by negative earnings and valuation multiples.
Meyka AI’s forecast and price targets for DEG.AX stock
Meyka AI’s forecast model projects a 12‑month price of A$2.79, a 3‑year target of A$3.85, and a 5‑year target of A$4.90. Compared with the current price of A$2.46, the 12‑month forecast implies an upside of 13.33%.
We also present a scenario range: near‑term target A$2.79 (base), conservative downside A$1.80 (bear) and optimistic multi‑year target A$4.90 (bull). Forecasts are model‑based projections and are not guarantees.
Catalysts, sector context and risks for De Grey Mining
Catalysts include ongoing Mallina exploration results, gold price moves and project funding updates. The Basic Materials sector in Australia has shown strong six‑month performance, which can lift gold explorers.
Key risks are negative earnings, exploration execution, and commodity price swings that can widen volatility. Liquidity surged today, but persistent selling could push the stock below short‑term support. We recommend watching news flow, assay releases, and capital markets activity closely.
Final Thoughts
DEG.AX stock closed after hours at A$2.46, down 8.21%, on outsized volume of 137596438.00 shares. The move appears driven by active trading rather than a single disclosed event, and it follows a strong multi‑period rally where 1‑year returns exceeded 121.62%. Valuation metrics show negative EPS (-0.01) and a PE of -246.00, balanced by solid cash per share (0.47) and exploration‑stage assets at Mallina. Meyka AI’s forecast model projects A$2.79 in 12 months, implying 13.33% upside to the current price; longer term the model points to A$3.85 in three years and A$4.90 in five years. Traders should treat today’s after‑hours activity as a liquidity event that raises short‑term volatility risk. For investors, the Meyka grade of C+ (58.97) suggests a HOLD stance while monitoring assay updates, funding actions, and gold prices. Meyka AI provides this as AI‑powered market analysis; forecasts are model projections and not guarantees.
FAQs
What drove the after‑hours move in DEG.AX stock today?
The after‑hours fall to A$2.46 was accompanied by heavy volume (137596438.00) suggesting large trade flows. No single public event was flagged; traders should monitor assay releases and capital‑market notices for catalysts.
What is Meyka AI’s 12‑month DEG.AX stock forecast?
Meyka AI’s model projects A$2.79 in 12 months for DEG.AX stock, implying roughly 13.33% upside from the current price of A$2.46. Forecasts are model outputs, not guarantees.
How risky is investing in De Grey Mining (DEG.AX)?
DEG.AX carries exploration and commodity risks, negative trailing EPS (-0.01), and volatile trading. Strengths include cash per share 0.47 and a large Mallina land position. Risk tolerance and timing matter.
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.
