Why is Medallion Metals Limited (ASX: MM8.AX) stock down today?

MM8.AX on the ASX is down -5.88% at $0.40 today, with price action that suggests selling interest.

What moved Medallion Metals Limited (ASX: MM8.AX) stock today?

Today's move in MM8.AX on the ASX came alongside volume +9.32% above average and a day range of $0.40–$0.42.

How much did Medallion Metals Limited's (ASX: MM8.AX) volume change today?

MM8.AX's volume on the ASX was 871.82K, +9.32% above its average.

Is Medallion Metals Limited (ASX: MM8.AX) breaking a resistance level?

MM8.AX on the ASX is trading below its 50-day MA ($0.43) and below its 200-day MA ($0.43), which points to short-term and long-term weakness.

Why Is Medallion Metals Limited (ASX: MM8.AX) Stock Up Today?

Live update on MM8.AX's movement on the ASX, with key data on price change, volume, technical indicators, sector trends, and analyst sentiment.

MM8.AX●ASX

Basic MaterialsOther Precious Metals

$0.40

$0.02(5.88%)

Australian Market opens in 14h 6m

MM8.AX is Down -5.88% today

You might want to check out Why is MM8.AX Down Today?

Medallion Metals Limited (ASX: MM8.AX) Update

Volume

871.82K

↑ 9.00%

Open / Previous Close

$0.42 / $0.43

Day Range (Low / High)

$0.40 - $0.42

Medallion Metals Limited (ASX: MM8.AX) Summary

Medallion Metals Limited (ASX: MM8.AX) is trading down -5.88% at $0.40, reflecting a negative shift in investor sentiment today. The stock opened at $0.42 and has moved between $0.40 and $0.42 so far.

Trading volume is 871821, which is 9% above its average, and the price action suggests selling interest.

Technically, MM8.AX on the ASX is trading below its 50-day moving average of $0.43 and below its 200-day moving average of $0.43, indicating short-term and long-term weakness.

Meyka's AI assigns MM8.AX a grade of C (Overall fair), reflecting its assessment of fundamentals and sentiment. Forecast models project potential returns of +22.50% in 1 month ($0.49), +56.20% in 1 year ($0.62), and +291.35% in 5 years ($1.57).

See full chart, check forecasting details, or see the AI grade breakdown to explore what's driving this stock's movement on the ASX.
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MM8.AX (ASX) Technical Signals

Trading below 50-day moving average ($0.43)

Trading below 200-day moving average ($0.43)

Analyst Recommendations data is not available for MM8.AXAnalyst Recommendations details for MM8.AX are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Price Forecast

1 Month

$0.49

1 Year

$0.62

3 Years

$1.10

5 Years

$1.57

C+

Normal58.00

Is this change significant?

5-Day:-6.98%

1-Month:-11.11%

3-Month:-3.61%

What's next?

Next earnings date: 7/30/2025