Slight pullback here to 2.8-2.9 on smallish volume
The stock is still up ~33%+ over the last 11 trading days off the back of the one announcement in that period relating to the CW NZ distribution deal with its PainAway product
During the period from January to April, Wellnex own brands accounted for 80% of the overall group revenue, compared with 11% in the same period of 2023. Wellnex's total revenue for the January to April interval was $6.3 million, compared to $10.5 million for the same prior period. However, the gross margin for this period escalated from $1.2 million to $2.5 million, in line with the company steering away from its low margin arm of the Wellnex business and focusing on those with higher margins
The numbers to come out of the June report will be key for the next leg up for WNX, along with any news in between, prior to the London Stock Exchange listing
Currently a market cap of ~$36m, I see no reason why this can't get to an ~$80-$100m market cap if the company follows through with its plans that it has outlined to the market
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Slight pullback here to 2.8-2.9 on smallish volumeThe stock is...
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $25.23M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 1.8¢ | $313.8K | 16.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 6256985 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.9¢ | 972504 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 6256985 | 0.018 |
5 | 488823 | 0.017 |
3 | 186375 | 0.016 |
1 | 66666 | 0.015 |
1 | 71400 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 972504 | 2 |
0.021 | 1030682 | 3 |
0.022 | 595199 | 4 |
0.023 | 152657 | 2 |
0.024 | 52649 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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