Nuformix (LON:NFX) Stock Price Down 16.1% – Time to Sell?

Nuformix plc (LON:NFXGet Free Report) traded down 16.1% during trading on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.05 ($0.00). 67,795,883 shares changed hands during trading, an increase of 635% from the average session volume of 9,222,688 shares. The stock had previously closed at GBX 0.06 ($0.00).

Nuformix Trading Down 17.7 %

The company has a market cap of £417,848.10, a PE ratio of -1.63 and a beta of 1.22. 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 company has a 50 day simple moving average of GBX 0.06 and a two-hundred day simple moving average of GBX 0.14.

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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