MCA.AX falls 41.63% to A$0.61 on ASX 02 Feb 2026: earnings watch and outlook

The MCA.AX stock closed sharply lower after a heavy sell-off on the ASX, finishing at A$0.61 on 02 Feb 2026 as markets closed. The share price dropped 41.63% on unusually high volume of 366,128 shares, well above the 30‑day average. Investors are focusing on weak cash flow metrics, a recent B‑ rating from third‑party analysts, and the company’s upcoming earnings announcement on 02 Mar 2026. We examine why Murray Cod Australia Limited (MCA.AX) moved today and what it means for short‑term trading and the longer term.