Nuformix (LON:NFX) Stock Price Down 11.8% – Here’s Why

Nuformix plc (LON:NFXGet Free Report)’s share price fell 11.8% on Wednesday . The company traded as low as GBX 0.13 and last traded at GBX 0.14. 27,570,943 shares were traded during trading, a decline of 10% from the average session volume of 30,772,732 shares. The stock had previously closed at GBX 0.16.

Nuformix Trading Up 2.3%

The stock has a market capitalization of £3.44 million, a P/E ratio of -4.51 and a beta of 1.54. The company has a 50-day moving average price of GBX 0.17 and a two-hundred day moving average price of GBX 0.20.

Nuformix (LON:NFXGet Free Report) last announced its earnings results on Thursday, May 28th. The company reported GBX (0.02) 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.

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