IHL.AX Incannex Healthcare ASX -10.87% pre-market 13 Feb 2026: heavy volume

IHL.AX stock opened the ASX pre-market session on 13 Feb 2026 at A$0.041, down 10.87% from the prior close as trade volume surged to 61,360,016 shares. The move made Incannex Healthcare Limited (IHL.AX) one of the most active names on the board, with relative volume ~9.55x the average. Traders are reacting to thin pricing, deep negative EPS and heavy intraday swings, while the company’s clinical pipeline keeps longer-term speculative interest intact.