What drove DEG.AX stock lower on 30 Jan 2026?

DEG.AX stock fell on 30 Jan 2026 due to profit-taking after recent gains and a large volume spike of **137,596,438** shares. Sector rotation in Basic Materials and short-term trader activity amplified the move.

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

Meyka AI's forecast model projects **A$2.79** at 12 months for DEG.AX stock, implying **+13.27%** from the current **A$2.46**. Forecasts are model projections and not guarantees.

What are the main risks for investors in DEG.AX stock?

Key risks for DEG.AX stock include development delays at the Mallina project, capital raising or dilution, and gold price volatility. Negative operational news could widen downside from current levels.

How does De Grey's balance sheet support its strategy?

De Grey shows strong liquidity with cash per share **A$0.47** and low net debt, supporting exploration and development. However free cash flow is negative and capex needs require monitoring for funding plans.

AU Stocks

DEG.AX De Grey Mining ASX falls 8.21% to A$2.46 on 30 Jan 2026: volume surge

ByDanny Kontos January 30, 2026January 30, 2026

De Grey Mining Limited (DEG.AX stock) closed the ASX session on 30 Jan 2026 at A$2.46, down -8.21% from yesterday as trading volume surged to 137,596,438 shares. The stock opened at A$2.68 and hit a day low of A$2.46, trading well above its 50-day average of A$2.25 and 200-day average of A$1.75. Market moves reflect heavy short-term activity in the Gold sector and profit-taking after recent gains; below we unpack fundamentals, technical readings, Meyka AI grade and forecast, and near-term price targets for DEG.AX stock.