DEG.AX De Grey Mining ASX falls 8.21% to A$2.46 on 25 Feb 2026: volume surge
The DEG.AX stock price dropped 8.21% to A$2.46 at market close on 25 Feb 2026, driven by a large intraday volume spike of 137,596,438 shares versus an average volume of 15,830,378. Today’s action makes De Grey Mining Limited (DEG.AX) one of the ASX’s most active names as traders re-price exposure to its Pilbara Mallina gold assets. We track price drivers, valuation metrics and Meyka AI’s model forecasts to show where risk and opportunity sit for ASX investors in Australia.
Market snapshot and intraday flow
De Grey Mining Limited (DEG.AX) closed at A$2.46, down A$0.22 or 8.21% on 25 Feb 2026. The stock opened at A$2.68, hit a high of A$2.68 and a low of A$2.46. Market capitalisation stands at A$5,915,069,921.00 and shares outstanding are 2,404,499,968. Today’s volume was 137,596,438, a relative volume of 8.69, showing significantly higher trading interest than the 50-day average of 15,830,378.
The scale of turnover suggests active repositioning by traders rather than a quiet pullback. For most-active research readers, note the 50-day average price of A$2.25 and 200-day average of A$1.75, which the stock remains above despite the pullback.
Why volume surged and what it means for DEG.AX stock
Today’s volume surge reflects heavy intraday selling pressure early, followed by opportunistic buying as price approached the session low. A high relative volume with a price drop commonly indicates distribution and short-term liquidity seeking by large holders.
In the context of the Basic Materials sector, mining names are sensitive to commodity news and drilling updates. No company announcement matched today’s move, suggesting trade-driven flows and position trimming ahead of upcoming exploration or financing milestones.
Fundamentals and valuation snapshot for De Grey Mining Limited (DEG.AX)
Key fundamentals show an explorer profile: EPS is -0.01 with a P/E of -246.00, reflecting negative earnings. Price-to-book is 3.55 and cash per share is A$0.47. Free cash flow per share is -0.06 and the current ratio is 30.52, indicating a strong liquidity buffer typical for resource explorers with large cash holdings and limited operating revenue.
Enterprise value is approximately A$5,236,550,492.00, and book value per share is A$0.69. These figures underline that DEG.AX stock is valued more on exploration potential and resource upside than on current earnings or cash generation.
Technical context and short-term trading levels
Price remains above the 50-day average A$2.25 and the 200-day average A$1.75, signalling a medium-term uptrend despite today’s pullback. Day range closed at the low, which indicates sellers dominated late in the session.
For traders, support near A$2.25 (50-day MA) and deeper support at A$1.75 (200-day MA) matter. On the upside, resistance sits near the year high A$2.77. Watch intraday volume for conviction: today’s spike means moves are liquidity-backed and tradable.
Meyka AI grade and model forecasts for DEG.AX stock
Meyka AI rates DEG.AX with a score out of 100: 58.84, Grade C+, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a 1-year price of A$2.79, a 3-year price of A$3.85, and a 5-year price of A$4.90. Versus the current A$2.46, the 1-year projection implies an upside of 13.32% and the 3-year projection implies an upside of 56.45%. Forecasts are model-based projections and not guarantees.
Catalysts and risks shaping DEG.AX stock outlook
Primary catalysts include Mallina gold project drill results, resource upgrades, gold price moves and any joint venture or offtake announcements. Positive exploration news typically drives re-rating for an explorer like De Grey Mining Limited.
Key risks are project execution delay, capital raising and dilution, commodity price swings and the company’s negative earnings profile. The stock’s liquidity and large float mean price can move quickly on news or large trades.
Final Thoughts
DEG.AX stock moved lower by 8.21% to A$2.46 on 25 Feb 2026, on an extraordinary volume day of 137,596,438 shares that flagged active rebalancing. Short-term traders should watch support at the A$2.25 50-day average and the A$1.75 200-day average. From a fundamentals angle, De Grey Mining Limited remains an exploration play: EPS is negative and value is driven by the Mallina asset and future drilling success. Meyka AI’s model projects A$2.79 in one year (implied upside 13.32%) and A$3.85 in three years (implied upside 56.45%). We present base to longer-term targets using those projections: 12-month target A$2.79, 3-year target A$3.85, 5-year target A$4.90. These forecasts are model-based and not guarantees. Investors should weigh the company’s strong cash position and exploration upside against dilution and commodity risk. For active traders, today’s volume spike makes DEG.AX a high-liquidity candidate for tactical positions; for longer-term investors, monitor drill results and funding updates before increasing exposure. Meyka AI provides this as data-driven market analysis for ASX readers and it is not financial advice.
FAQs
What caused the DEG.AX stock drop on 25 Feb 2026?
The decline was driven by heavy intraday selling and a massive volume spike of 137,596,438 shares. No company-specific release matched the move, suggesting trade-driven rebalancing and position trimming ahead of exploration or funding catalysts.
What is Meyka AI’s forecast for DEG.AX stock?
Meyka AI’s model projects A$2.79 in one year (up 13.32%) and A$3.85 in three years (up 56.45%) versus the current A$2.46. Forecasts are model-based projections and not guarantees.
Is DEG.AX a good buy for long-term investors?
DEG.AX has exploration upside via the Mallina project and a strong cash buffer, but it carries execution and dilution risk and negative earnings. Long-term buyers should wait for clear resource upgrades or favourable drill results.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.