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An update from Nuformix Plc ( (GB:NFX) ) is now available.
Nuformix plc has published a prospectus for the issuance of 300,000,000 new ordinary shares at a price of 0.07 pence per share, following a conditional £210,000 placing. The issuance is contingent upon meeting specific conditions, including adherence to the placing agreement with CMC Markets and the admission of the new shares to the Main Market of the London Stock Exchange. The admission and trading of these shares are expected to commence on 30 May 2025, which will increase the total number of ordinary shares in issue to 1,995,709,368. This move is part of Nuformix’s strategy to enhance its market presence and provide shareholders with updated voting rights figures.
Spark’s Take on GB:NFX Stock
According to Spark, TipRanks’ AI Analyst, GB:NFX is a Neutral.
Nuformix Plc’s overall stock score reflects severe financial challenges, including a lack of revenue and persistent losses. While recent positive corporate developments and technical momentum offer some optimism, they are overshadowed by significant financial instability and negative valuation metrics.
To see Spark’s full report on GB:NFX stock, click here.
More about Nuformix Plc
Nuformix is a pharmaceutical development company focusing on unmet medical needs in fibrosis and oncology through drug repurposing. The company leverages its expertise in discovering, developing, and patenting novel drug forms with improved physical properties to create new products for new indications, offering differentiated commercial opportunities. Nuformix has a pipeline of preclinical assets with potential for significant value and early licensing opportunities.
Average Trading Volume: 31,261,141
Technical Sentiment Signal: Sell
Current Market Cap: £1.36M
Learn more about NFX stock on TipRanks’ Stock Analysis page.