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Circassia Pharmaceuticals ( (GB:NIOX) ) just unveiled an update.
NIOX Group plc, a company listed on the AIM market, announced that its directors, Ian Johnson and Jonathan Emms, exercised share options awarded under the company’s Performance Share Plan. This exercise resulted in the issuance of 6,272,099 new ordinary shares and the transfer of 6,000,000 shares from treasury. To cover tax liabilities and other costs, the directors sold 6,670,555 shares at 65.0 pence each. The company’s issued share capital now consists of 416,682,529 ordinary shares, each carrying one voting right, with no shares held in treasury.
The most recent analyst rating on (GB:NIOX) stock is a Buy with a £77.00 price target. To see the full list of analyst forecasts on Circassia Pharmaceuticals stock, see the GB:NIOX Stock Forecast page.
Spark’s Take on GB:NIOX Stock
According to Spark, TipRanks’ AI Analyst, GB:NIOX is a Outperform.
Circassia Pharmaceuticals is well-positioned with strong financial performance, marked by robust revenue growth and effective cash flow management. However, the high P/E ratio raises valuation concerns, potentially limiting upside. Technical analysis shows mixed signals, with potential overbought conditions. Strategic growth initiatives and recent corporate developments further enhance its prospects, although macroeconomic uncertainties pose risks.
To see Spark’s full report on GB:NIOX stock, click here.
More about Circassia Pharmaceuticals
Average Trading Volume: 1,837,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: £274.8M
Learn more about NIOX stock on TipRanks’ Stock Analysis page.