Nuformix (LON:NFX) Stock Price Down 10.7% – Here’s What Happened

Nuformix plc (LON:NFXGet Free Report) was down 10.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.18 and last traded at GBX 0.18. Approximately 3,820,803 shares changed hands during trading, a decline of 90% from the average daily volume of 37,000,402 shares. The stock had previously closed at GBX 0.21.

Nuformix Price Performance

The firm has a market cap of £4.78 million, a P/E ratio of -6.25 and a beta of 1.55. The stock has a 50 day moving average of GBX 0.18 and a 200 day moving average of GBX 0.22.

Nuformix (LON:NFXGet Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX (0.02) earnings per share (EPS) for the quarter.

About Nuformix

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Nuformix plc operates in the field of pharmaceutical development for treating fibrosis and oncology through drug repurposing in the United Kingdom. It offers NXP001, which has completed Phase 1 for use in oncology supportive care. The company is also developing NXP004, a novel form of Olaparib, which is in the IP generation phase for treating oncology; and NXP002 that is in pre-clinical stage for the treatment of idiopathic pulmonary fibrosis. It also has an option agreement with Oxilio Ltd. for NXP001 for oncology indications.

Further Reading

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