Nuformix (LON:NFX) Stock Price Up 11.8% – Here’s Why

Nuformix plc (LON:NFXGet Free Report)’s stock price rose 11.8% during trading on Tuesday . The company traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 56,631,465 shares changed hands during trading, a decline of 22% from the average daily volume of 72,646,188 shares. The stock had previously closed at GBX 0.08 ($0.00).

Nuformix Trading Up 10.5 %

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.12 and a quick ratio of 3.35. The business’s 50-day moving average is GBX 0.06 and its 200 day moving average is GBX 0.09. The firm has a market capitalization of £688,220.40, a P/E ratio of -1.63 and a beta of 1.22.

Nuformix (LON:NFXGet Free Report) last released its earnings results on Wednesday, January 29th. The company reported GBX (0.46) (($0.01)) 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.

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