Nuformix (LON:NFX) Shares Up 11.8% – Here’s Why

Nuformix plc (LON:NFXGet Free Report) shot up 11.8% during trading on Tuesday . The company traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.09 ($0.00). 56,631,465 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 72,646,188 shares. The stock had previously closed at GBX 0.08 ($0.00).

Nuformix Stock Down 9.7 %

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.12 and a quick ratio of 3.35. The company has a market cap of £761,958.30, a P/E ratio of -1.63 and a beta of 1.22. The stock has a 50-day moving average of GBX 0.06 and a 200 day moving average of GBX 0.09.

Nuformix (LON:NFXGet Free Report) last issued its earnings results on Wednesday, January 29th. The company reported GBX (0.46) (($0.01)) EPS 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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