Why did MRQ.AX stock fall today?

MRQ.AX stock fell on 07 Jan 2026 due to thin trading volume, sector sensitivity and no offsetting company news. Small-cap exploration stocks like MRG Metals react sharply to liquidity shifts and investor concern about funding and drilling timelines.

What is Meyka AI’s grade for MRQ.AX and what it means?

Meyka AI rates MRQ.AX with a score out of 100 at **70.09**, Grade B+ with a BUY suggestion. The grade uses benchmark and sector comparisons, financial growth, key metrics and forecasts. It is informational and not investment advice.

What are realistic price targets for MRQ.AX stock?

Short-term technical support is near **A$0.003** and resistance near **A$0.007**. Meyka AI's 12-month forecast is **A$0.00490** and three-year scenario is **A$0.01021**. Targets depend on exploration news and funding.

Should I trade MRQ.AX now?

Trading MRQ.AX requires high risk tolerance. Use small position sizes, defined stops and watch for company updates. The stock is illiquid and sensitive to news; investors should prioritise catalysts like drill results or a financing plan.

AU Stocks

MRG Metals (MRQ.AX) -11.11% intraday ASX 07 Jan 2026: what to watch

ByHuzaifa Zahoor January 7, 2026

MRQ.AX stock slipped to A$0.004 on the ASX intraday session on 07 Jan 2026, down -11.11% from yesterday’s close. We saw 1,178,651 shares trade after the stock opened at A$0.005 and hit an intraday high of A$0.005 and low of A$0.004. The move puts MRG Metals Ltd (ASX: MRQ.AX) among today’s top losers as liquidity remains thin and investors reassess exploration and funding risk in the Basic Materials sector. Below we unpack drivers, valuation, technicals, a Meyka grade and short-term price targets.