Nuformix (LON:NFX) Stock Price Down 9.1% – Here’s Why

Nuformix plc (LON:NFXGet Free Report)’s share price was down 9.1% during trading on Wednesday . The company traded as low as GBX 0.22 and last traded at GBX 0.22. Approximately 4,853,856 shares changed hands during trading, a decline of 85% from the average daily volume of 33,288,336 shares. The stock had previously closed at GBX 0.24.

Nuformix Price Performance

The company has a market capitalization of £4.28 million, a PE ratio of -5.17 and a beta of 1.22. The stock’s 50 day simple moving average is GBX 0.26 and its 200-day simple moving average is GBX 0.24.

Nuformix (LON:NFXGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The company reported GBX (0.04) EPS for the quarter.

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. It also has an option agreement with Oxilio Ltd. for NXP001 for oncology indications.

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