Nuformix (LON:NFX) Trading Down 6.9% – Here’s Why

Shares of Nuformix plc (LON:NFXGet Free Report) traded down 6.9% during trading on Wednesday . The company traded as low as GBX 0.15 and last traded at GBX 0.15. Approximately 6,983,824 shares were traded during trading, a decline of 78% from the average daily volume of 31,040,061 shares. The stock had previously closed at GBX 0.16.

Nuformix Price Performance

The company has a market capitalization of £3.89 million, a price-to-earnings ratio of -5.09 and a beta of 1.54. The stock has a 50 day simple moving average of GBX 0.18 and a two-hundred day simple moving average of GBX 0.20.

Nuformix (LON:NFXGet Free Report) last announced 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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