Nuformix plc (LON:NFX – Get Free Report)’s stock price shot up 10% on Wednesday. The stock traded as high as GBX 0.11 and last traded at GBX 0.11. Approximately 12,136,803 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 28,948,861 shares. The stock had previously closed at GBX 0.10.
Nuformix Price Performance
The stock has a 50-day simple moving average of GBX 0.14 and a 200-day simple moving average of GBX 0.16. The stock has a market cap of £2.87 million, a P/E ratio of -3.75 and a beta of 1.53.
Nuformix Company Profile
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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