Why did BLZ.AX stock drop 33.33% pre-market?

The drop reflects thin liquidity, heavy intraday selling of **5,000,000** shares, and investor concern about cash and funding. With a market cap of **A$2,875,000.00** and a current ratio of **0.30**, markets often react sharply to perceived funding risk for BLZ.AX stock.

What are the near-term catalysts for BLZ.AX stock?

Key catalysts include the earnings announcement on **11 Mar 2026**, potential drill results or JV news, and any capital-raise updates. Positive operational news or funding in AUD would be required for a sustained recovery in BLZ.AX stock.

How does Meyka AI view BLZ.AX stock?

Meyka AI rates BLZ.AX **61.48/100** (Grade B, Suggestion: HOLD). The grade balances low valuation metrics versus weak fundamentals and sector pressure. This is informational and not personalised investment advice for BLZ.AX stock.

What is the price outlook and main risks for BLZ.AX stock?

Meyka AI’s model projects a base-case **A$0.002** in 12 months (implied +100.00%). Main risks include dilution, low cash per share (**0.00026**) and sector weakness. Forecasts are projections and not guarantees for BLZ.AX stock.

AU Stocks

Pre-market loser BLZ.AX down 33.33% at A$0.001 on 05 Feb 2026: assess cash risk

ByDanny Kontos February 4, 2026

BLZ.AX stock opened the ASX pre-market sharply lower on 05 Feb 2026, trading at A$0.001 after a -33.33% move on heavy volume. We saw 5,000,000 shares trade as the market reacted to the company’s tiny market capitalisation of A$2,875,000.00 and weak fundamentals. This note explains the immediate drivers, the balance-sheet picture, technical signals and the key risks ahead for Blaze Minerals Limited (BLZ.AX) on the ASX in Australia. Our analysis highlights liquidity and cash-burn as primary concerns for short-term holders.