Why did DEG.AX fall pre-market today?

DEG.AX fell A$0.22 (-8.21%) pre-market amid very heavy volume (137.60M). The move looks like profit-taking after sizable gains over the past year and strong YTD performance; no single public catalyst was reported in the data set.

What are the key support and resistance levels?

Near-term support is the 50-day average at A$2.25 and the 200-day average at A$1.75. Immediate resistance is the year high at A$2.77 and a round number at A$3.00.

What is Meyka AI’s view on DEG.AX?

Meyka AI assigns DEG.AX a score of 63/100 (Grade B, HOLD). The model shows a 1-year projection A$2.26 (down -8.22%) and a 3-year projection A$3.32 (+34.76%). These are model projections, not guarantees.

How do earnings affect DEG.AX trading?

Recent beats (EPS A$0.0015 vs est -A$0.00135 and revenue A$316,947) can support sentiment, but De Grey is exploration-focused so drilling updates and gold prices typically drive larger moves than quarterly results.

AU Stocks

DEG.AX down 8.21% to A$2.46 pre-market 03 Jan 2026: heavy 137.60M volume signals active trade

ByDanny Kontos January 3, 2026January 3, 2026

De Grey Mining Limited (DEG.AX) is trading pre-market on the ASX at A$2.46, down 8.21% on heavy volume of 137,596,438 shares as of this session. The sharp move follows a strong 1-year rise of 121.62% and a YTD gain of 37.43%, suggesting profit-taking after recent gains. This DEG.AX stock update summarises key fundamentals, recent earnings beats, technical levels and our model forecast to help active traders assess near-term opportunities and risks on the Australia market in AUD.