Nuformix (LON:NFX) Sets New 52-Week Low – Should You Sell?

Shares of Nuformix plc (LON:NFX – Get Free Report) reached a new 52-week low on Friday. The company traded as low as GBX 0.10 and last traded at GBX 0.10, with a volume of 26,066,414 shares trading hands. The stock had previously closed at GBX 0.12.

Nuformix Stock Down 10.4%

The stock has a market cap of £2.69 million, a P/E ratio of -3.52 and a beta of 1.53. The stock has a fifty day simple moving average of GBX 0.15 and a 200-day simple moving average of GBX 0.17.

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.

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