Nuformix (LON:NFX) Shares Down 12.7% – Here’s Why

Nuformix plc (LON:NFXGet Free Report) shares were down 12.7% during mid-day trading on Tuesday . The company traded as low as GBX 0.06 ($0.00) and last traded at GBX 0.06 ($0.00). Approximately 16,142,512 shares traded hands during trading, a decline of 74% from the average daily volume of 62,608,598 shares. The stock had previously closed at GBX 0.06 ($0.00).

Nuformix Stock Up 11.7 %

The firm has a 50 day moving average of GBX 0.05 and a 200 day moving average of GBX 0.10. The firm has a market cap of £548,937.70, a price-to-earnings ratio of -1.63 and a beta of 1.22. The company has a quick ratio of 3.35, a current ratio of 1.12 and a debt-to-equity ratio of 1.17.

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.

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