Nuformix (LON:NFX) Shares Up 16.4% – Here’s Why

Nuformix plc (LON:NFXGet Free Report)’s share price traded up 16.4% during mid-day trading on Tuesday . The stock traded as high as GBX 0.23 ($0.00) and last traded at GBX 0.23 ($0.00). 74,319,828 shares changed hands during trading, an increase of 31% from the average session volume of 56,707,594 shares. The stock had previously closed at GBX 0.20 ($0.00).

Nuformix Price Performance

The business has a fifty day moving average of GBX 0.11 and a 200 day moving average of GBX 0.11. The stock has a market cap of £3.80 million, a price-to-earnings ratio of -56.00 and a beta of 1.22.

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.

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