Nuformix (LON:NFX) Stock Price Down 18% – Here’s What Happened

Nuformix plc (LON:NFXGet Free Report) shares dropped 18% during trading on Friday . The stock traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 10,914,796 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 76,368,313 shares. The stock had previously closed at GBX 0.10 ($0.00).

Nuformix Trading Down 14.0 %

The firm has a 50-day moving average of GBX 0.06 and a 200 day moving average of GBX 0.09. The stock has a market capitalization of £1.06 million, a price-to-earnings ratio of -2.61 and a beta of 1.22.

Nuformix (LON:NFXGet Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported GBX (0.46) (($0.01)) earnings per share for the quarter.

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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