Skip to content
Home / News |

N4 Pharma Share Price Surged 28% Today, Here’s Why

Scientist in lab
Simon Mugo

Shares of N4 Pharma PLC (LON: N4P) today rallied 28% as investors followed a discussion of the company’s financials and future plans on a popular investing podcast.

Investors bought N4 Pharma shares after it emerged that the company has £2 million in cash, which could fund its operations for the next 18 months.

The company’s business model was also lauded by the speakers who pointed out that its patented drug delivery system Nuvec is targeted at companies that develop novel antigens for vaccines and cancer treatments.

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

N4 Pharma stands to reap heavily from its current business model since it is set to receive upfront payments, milestone payments and royalty payments once the products reach the market.

Investors bought the company’s shares based on the above facts, which could trigger a major rally back up to its August highs if the bullish momentum is sustained.

N4 Pharma share price

Tradingview chart of N4 Pharma share price 23092020

N4 Pharma shares today surged 28.1% to trade at 6.54p having rallied from yesterday’s closing price of 5.12p.

People who read this also read:

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.