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The latest update is out from Numinus Wellness ( (TSE:NUMI) ).
Numinus Wellness Inc. announced a change in its independent auditor, with Davidson & Company LLP resigning and MNP LLP being appointed as the new auditor. The audit for the financial year ending August 31, 2025, remains on schedule for completion by November 2025. The transition has been approved by the company’s Audit Committee and Board of Directors, and there were no adverse opinions or reportable events during Davidson’s tenure. Numinus is also in the process of lifting a cease trade order and plans to relist on a reputable exchange.
Spark’s Take on TSE:NUMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NUMI is a Neutral.
The overall stock score for Numinus Wellness is primarily impacted by its poor financial performance, characterized by declining revenues and high operating losses. The technical analysis indicates a neutral position with no clear trend, while the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall score, highlighting significant challenges for the company.
To see Spark’s full report on TSE:NUMI stock, click here.
More about Numinus Wellness
Numinus Wellness Inc. is a mental health care company specializing in innovative behavioral health treatments, with a particular focus on safe, evidence-based psychedelic-assisted therapies.
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$13.86M
See more data about NUMI stock on TipRanks’ Stock Analysis page.