Why did MEL.AX stock drop today?

MEL.AX stock fell on 06 Jan 2026 due to low liquidity, weak fundamentals like EPS -0.11, and sector pressure in energy. Above‑average volume amplified selling on the ASX.

What are the key risks for MEL.AX stock now?

Key risks include a weak current ratio **0.27**, negative equity per share, thin trading depth, and commodity price exposure in the Energy sector. These raise downside risk for MEL.AX stock.

What price targets and forecasts exist for MEL.AX stock?

Meyka AI projects monthly **A$0.02**, one year **A$0.00548**, and three years **A$0.00667**. These imply material downside from the current **A$0.024** and are model based, not guarantees.

When is the next catalyst for MEL.AX stock?

The next formal catalyst is the earnings announcement on **12 Mar 2026**. That report, or any corporate update, could move MEL.AX stock significantly given low liquidity.

AU Stocks

MEL.AX Metgasco down 11.11% to A$0.024 at ASX close 06 Jan 2026: watch liquidity

ByDanny Kontos January 6, 2026January 6, 2026

MEL.AX stock closed lower on 06 Jan 2026 after a sharp intraday drop that left the share price at A$0.024, down 11.11% on the day. Trading volume of 80,159 shares exceeded the 3‑month average, highlighting higher selling intensity. Investors cited weak liquidity, stretched valuation metrics and Energy sector pressure as drivers. This note breaks down the price move, key ratios such as EPS -0.11 and PE -0.22, technical signals, and model forecasts to frame risk and short term opportunities on the ASX in AUD.