What is the current price of NMG.AX stock and why is it active today?

NMG.AX stock trades at A$0.064 intraday on 03 Feb 2026. It is active because volume surged to 73,647,303 shares, well above its 29,589,232 average, driven by retail flows and short-term profit-taking after recent gains.

What valuation metrics should investors watch for NMG.AX stock?

Investors should monitor price-to-sales (38.64), price-to-book (11.86) and the PE (144.12 TTM). These elevated ratios reflect early-stage revenue and make the stock sensitive to exploration news and dilution risk.

What does Meyka AI forecast for NMG.AX stock?

Meyka AI's model projects monthly A$0.07, quarterly A$0.09 and a 12-month target A$0.14683 for NMG.AX stock. The 12-month projection implies about 129.42% upside from the current A$0.064. Forecasts are model projections, not guarantees.

How does technical analysis shape the short-term outlook for NMG.AX stock?

Technicals show RSI 62.93 and ADX 41.75, indicating trend strength. Price sits above the 50-day and 200-day averages, with intraday support near A$0.062 and resistance near the year high A$0.077, suggesting a defined range to trade.

AU Stocks

Intraday: NMG.AX New Murchison Gold A$0.064, -5.88% 03 Feb 2026: heavy volume signals interest

ByDanny Kontos February 3, 2026

NMG.AX stock is trading at A$0.064, down 5.88% intraday on 03 Feb 2026, with volume at 73,647,303 shares on the ASX in Australia. New Murchison Gold Limited (NMG.AX) remains one of the most active small-cap miners today after opening at A$0.067 and hitting a day high of A$0.068 and low of A$0.062. The move follows continued retail interest and a 50-day average of A$0.0497. We assess why volume and valuation are driving the intraday action and what analysts and our models see next for NMG.AX stock.