Australia's Wellnex Life plunges to record low as Q1 sales take beating

Wellnex Life

20/10/2025 02:53

** Shares of Wellnex Life  WNX.AX fall as much as 18.8% to A$0.195, a record low
** Co posts Q1 FY26 sales of A$5.4 million ($3.51 million), an 18.2% drop from a quarter ago
** Co announces intention to exit the medicinal cannabis segment, highlighting increased competition
** 257,323 shares change hands, 4.1 times the 30-day average of 63,287 shares
** Shares post biggest intraday pct drop since May 30
** YTD, shares fall 66.6%

($1 = 1.5375 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))