Short Term Trading Week Starting: 17 Jun, page-10

WNX

A lot of volume starting to appear here with the recent run up to 3c+, now falling back to the 2.4-2.5c region as sellers are showing their hands in recent days

50,264,361 shares were traded over the last 19 trading days (17th May - 14th June)
= an average of 2,645,492/shares traded per day for that period

compared to

28,473,962 shares were traded over the previous 19 trading days (19th April - 16th May)
= an average of 1,498,629/shares traded per day for that period

That is an increase of 76% in volume of shares traded, indicating a significant increase in the interest of Wellnex stock around these current levels

Helping this no doubt are the recent announcements surrounding:
- Wellnex's supplying of Pain Away products in over 50 Chemist Warehouse stores in New Zealand, with the first order already completed
- The launch of Wellness Life in conjunction with Chemist Warehouse, Wellnex's own medicinal cannabis brand that will be supplied throughout all Chemist Warehouse stores around Australia
- The recent trading update, where Wellnex Life recorded $2.2M in net sales for the month of May, along with a massive gross margin of 40%, compared to the prior corresponding period of only 14.3% gross margins

Next off the rank will no doubt be more information surrounding the companies London Stock Exchange listing and more numbers to come out of the upcoming reports @ the end of June

The coming trading updates surrounding net sales will also be interesting considering that the Pain Away products are now available in New Zealand, coupled with the launch of further Wakey Wakey products + the launch of its medicinal cannabis brand - these numbers will tell the story in coming months

Onwards & upwards