Nuformix (LON:NFX) Trading Down 12.7% – Here’s Why

Nuformix plc (LON:NFXGet Free Report) dropped 12.7% during trading on Friday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.06 ($0.00). Approximately 1,264,138 shares were traded during trading, a decline of 78% from the average daily volume of 5,766,543 shares. The stock had previously closed at GBX 0.06 ($0.00).

Nuformix Stock Performance

The firm’s fifty day moving average price is GBX 0.12 and its 200 day moving average price is GBX 0.16. The firm has a market cap of £450,620.50, a P/E ratio of -1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.35 and a current ratio of 1.12.

Nuformix Company Profile

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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.

Further Reading

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