Why did MMR.AX stock fall so sharply today?

MMR.AX stock fell due to heavy selling and a liquidity squeeze: volume hit **18,555,262** shares versus an average of **1,118,224**, sending the price from **A$0.007** to **A$0.003**. No major public company announcement explained the move.

What is the Meyka AI grade for MMR.AX stock?

Meyka AI rates MMR.AX with a score out of 100: **66.23 / 100** which equates to **Grade B** and a **HOLD** suggestion. The grade blends benchmarks, sector, metrics and forecasts and is informational only.

What price could MMR.AX stock reach according to forecasts?

Meyka AI's forecast model projects a yearly level of **A$0.00624** (about **+108.02%** vs A$0.003) and a monthly scenario of **A$0.01000** (**+233.33%**). Forecasts are model-based projections and not guarantees.

What are the main risks for MMR.AX stock investors?

Main risks are extreme liquidity volatility, potential dilution if capital is required, and exploration outcomes that miss expectations. The micro-cap structure amplifies price swings on limited volume.

AU Stocks

MMR.AX stock plunges 57% to A$0.003 on heavy volume: what traders should watch next

ByHuzaifa Zahoor February 24, 2026

MMR.AX stock tumbled 57.14% to A$0.003 on 24 Feb 2026 as sellers overwhelmed the counter on very high turnover. Trading volume reached 18,555,262 shares versus an average volume of 1,118,224, flagging a sharp spike in market activity for MEC Resources Limited (MMR.AX) on the ASX in Australia. The drop followed a previous close of A$0.007, and the day ranged between A$0.003 and A$0.005. Investors should treat this move as a liquidity-driven sell-off while watching permit developments, cash runway and any corporate updates from the company