Why did PGY.AX stock fall 40% intraday on 03 Feb 2026?

PGY.AX stock fell on 03 Feb 2026 due to thin liquidity and heavy sell orders that pushed price to A$0.003. Volume spiked to 23,518,783 shares, far above average, amplifying the move in a small market cap explorer.

What is Meyka AI's view on PGY.AX stock and its grade?

Meyka AI rates PGY.AX with a score of 63.77 out of 100 (Grade B, Suggestion HOLD). The grade balances weak cash flow and debt with a low price‑to‑book; it is informational and not financial advice.

What price target and forecast exist for PGY.AX stock?

Meyka AI's forecast model projects a quarterly target of A$0.010 for PGY.AX stock, implying +233.33% versus A$0.003 today. Forecasts are model‑based projections and not guarantees.

Is PGY.AX stock suitable for income or dividend investors?

No. PGY.AX has no dividend yield and negative earnings (EPS -0.01). It is a speculative microcap focused on exploration and not a fit for income investors.

AU Stocks

PGY.AX Pilot Energy Limited (ASX) down 40% intraday 03 Feb 2026: key risk ahead

ByDanny Kontos February 3, 2026

PGY.AX stock plunged 40.00% intraday to A$0.003 on 03 Feb 2026 as sellers overwhelmed thin order books on the ASX. Trading volume jumped to 23,518,783 shares, roughly 4.56x the 50‑day average, signalling high intraday pressure. Pilot Energy Limited (PGY.AX) is small by market cap at A$8,683,720, and the move highlights liquidity and funding concerns rather than a change in core exploration licences. We explain price drivers, technicals, Meyka AI grading and a clear forecast to guide traders watching this top loser intraday.