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Here’s Why N4 Pharma Share Price Fell 4.81% Today

Simon Mugo trader
Updated 30 Oct 2020

Practice Stock Trading

Shares of N4 Pharma PLC (LON: N4P) today fell 4.81% despite the lack of news releases from the specialist pharmaceutical company as buyers and sellers fought to control its stock price.

The last update from the company indicated that it was moving in a different direction in regards to its Nuvec® technology being used to deliver COVID-19 vaccines.

However, the Nuvec® technology has wide applications in delivering novel cancer antigens, which could generate a solid revenue stream for the company in future.

N4 Pharma is still working on making its Nuvec® technology compatible with the COVID-19 vaccines that are currently being developed given the huge potential that such vaccines possess.

The stock hasn’t done much in recent days as it alternates between gains and losses as investors wait for further updates from the company to inform their future decisions.

N4 Pharma is likely to surge higher on any positive updates in future, while it could plunge lower if the company releases any negative updates.

For now, exercising patience is critical given that the stock is trading largely directionless.

N4 Pharma share price

Tradingview chart of N4 Pharma share price 30102020

N4 Pharma shares today fell 4.81% to trade at 6.34p having declined from Thursday’s closing price of 6.66p.

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Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading