Nuformix (LON:NFX) Trading 5.9% Higher – Here’s Why

Shares of Nuformix plc (LON:NFXGet Free Report) were up 5.9% during mid-day trading on Thursday . The stock traded as high as GBX 0.20 and last traded at GBX 0.18. Approximately 53,364,180 shares changed hands during trading, an increase of 39% from the average daily volume of 38,471,695 shares. The stock had previously closed at GBX 0.17.

Nuformix Price Performance

The company’s 50-day moving average price is GBX 0.18 and its 200-day moving average price is GBX 0.23. The company has a market cap of £4.41 million, a P/E ratio of -5.77 and a beta of 1.55.

Nuformix (LON:NFXGet Free Report) last issued its quarterly earnings data 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.

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