Nuformix (LON:NFX) Trading Down 13% – Time to Sell?

Shares of Nuformix plc (LON:NFXGet Free Report) traded down 13% on Tuesday . The company traded as low as GBX 0.24 and last traded at GBX 0.24. 8,305,633 shares were traded during trading, a decline of 85% from the average session volume of 54,749,273 shares. The stock had previously closed at GBX 0.27.

Nuformix Price Performance

The stock has a 50 day simple moving average of GBX 0.30 and a 200-day simple moving average of GBX 0.17. The firm has a market cap of £4.96 million, a PE ratio of -0.60 and a beta of 1.22.

About Nuformix

(Get Free Report)

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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