Nuformix (LON:NFX) Stock Price Up 18.6% – Here’s Why

Nuformix plc (LON:NFXGet Free Report)’s share price rose 18.6% during trading on Monday . The stock traded as high as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 65,650 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 5,787,441 shares. The stock had previously closed at GBX 0.06 ($0.00).

Nuformix Stock Down 4.8 %

The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.35 and a current ratio of 1.12. The business’s 50 day moving average price is GBX 0.12 and its 200 day moving average price is GBX 0.17. The firm has a market cap of £491,586.00, a price-to-earnings ratio of -1.63 and a beta of 1.22.

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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