Nuformix (LON:NFX) Trading Down 6.5% – Here’s What Happened

Nuformix plc (LON:NFXGet Free Report)’s share price fell 6.5% on Wednesday . The company traded as low as GBX 0.16 and last traded at GBX 0.16. Approximately 3,252,227 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 31,894,922 shares. The stock had previously closed at GBX 0.17.

Nuformix Price Performance

The firm has a market capitalization of £4.15 million, a P/E ratio of -5.43 and a beta of 1.54. The firm has a 50-day moving average price of GBX 0.18 and a two-hundred day moving average price of GBX 0.21.

Nuformix (LON:NFXGet Free Report) last posted 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.

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