MKR.AX Manuka Resources (ASX) down 34% at close 06 Feb 2026: key drivers ahead

The MKR.AX stock closed sharply lower on 06 Feb 2026 after a heavy sell-off that left Manuka Resources Limited (ASX: MKR.AX) at A$0.125, down 34.21% for the day. Trading volume surged to 51,033,773 shares as investors reacted to valuation and liquidity concerns. The move came despite recent operational updates and ahead of a scheduled earnings announcement on 12 Mar 2026. This note summarises price drivers, valuation metrics, technical signals and a Meyka AI forecast to frame near-term risk and opportunity for ASX investors.