IHL.AX pre-market most active (ASX) A$0.041 06 Feb 2026: volume spike

IHL.AX stock leads pre-market activity on the ASX, trading at A$0.041 on 61,360,016 shares as of this session. The Incannex Healthcare Limited (IHL.AX) move follows renewed interest in its clinical pipeline and a large intraday block that pushed volume to roughly 9.55x average. We outline drivers, valuation metrics and a model forecast to frame trading risk in this most-active pre-market name.