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NOVONIX Ltd ( (AU:NVX) ) has provided an announcement.
NOVONIX Limited has issued 12,771,392 new shares to Phillips 66 Company at $0.60 per share, raising approximately USD $5 million. This move, following shareholder approval, is part of a broader financial strategy that includes institutional placements and a share purchase plan, highlighting NOVONIX’s efforts to strengthen its financial position and expand its market reach.
More about NOVONIX Ltd
NOVONIX Limited operates in the energy sector, focusing on the development and production of advanced battery materials and technology solutions. The company is known for its contributions to the lithium-ion battery industry, aiming to enhance battery life and performance, with a market focus on supplying materials for electric vehicles and energy storage systems.
YTD Price Performance: -20.0%
Average Trading Volume: 155,264
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $225.1M
For detailed information about NVX stock, go to TipRanks’ Stock Analysis page.
