What is driving the IHL.AX stock move today?

Today’s IHL.AX stock move is driven by heavy trading volume of **61,360,016** shares and newsflow focus on the company’s clinical programs. Low absolute price and retail interest amplify intraday swings.

What valuation metrics should I watch for IHL.AX stock?

Key metrics for IHL.AX stock are **EPS -1.30**, price-to-book **0.75**, and cash per share **A$0.0217**. Watch R&D progress, cash runway and any capital raises that can change valuation quickly.

What is Meyka AI’s rating for IHL.AX stock?

Meyka AI rates IHL.AX with a score out of 100: **65.15** (Grade **B**, Suggestion: **HOLD**). This score weighs sector and financial factors and is for informational purposes only.

What forecast exists for IHL.AX stock price?

Meyka AI’s forecast model projects a 12-month target of **A$0.12** versus the current **A$0.041**, implying **+192.68%** upside. Forecasts are model-based projections and not guarantees.

AU Stocks

IHL.AX Incannex Healthcare (ASX) A$0.041 intraday 09 Jan 2026: heavy volume signals active trading

ByHuzaifa Zahoor January 9, 2026January 9, 2026

We see IHL.AX stock trading at A$0.041 on the ASX in intraday trade on 09 Jan 2026, down 10.87% from yesterday and trading with a volume spike of 61,360,016 shares. The price is at the year low and well below the 50-day average of A$0.0649 and 200-day average of A$0.10285, making it the most active small-cap healthcare name on the ASX this session. Traders are focusing on clinical program news and liquidity swings as key drivers for short-term action.