Nuformix (LON:NFX) Trading Down 12% – Here’s What Happened

Nuformix plc (LON:NFXGet Free Report) fell 12% on Wednesday . The company traded as low as GBX 0.41 and last traded at GBX 0.43. 243,141,344 shares changed hands during mid-day trading, an increase of 321% from the average session volume of 57,801,742 shares. The stock had previously closed at GBX 0.49.

Nuformix Stock Up 2.7%

The firm has a market capitalization of £7.72 million, a P/E ratio of -0.97 and a beta of 1.22. The firm has a 50 day moving average of GBX 0.22 and a 200-day moving average of GBX 0.14.

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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