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NOVONIX Ltd ( (AU:NVX) ) has issued an announcement.
Phillips 66, a major stakeholder in Novonix Limited, has increased its voting power in the company. On January 28, 2025, Phillips 66’s voting power rose from 12.54% to 14.29% following the issuance of 12,771,392 ordinary shares under a Conditional Placement approved at an Extraordinary General Meeting. This change indicates increased influence by Phillips 66 in Novonix, which may impact the company’s strategic direction and decision-making processes, affecting other stakeholders and investors.
More about NOVONIX Ltd
YTD Price Performance: -20.0%
Average Trading Volume: 155,264
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $225.1M
For a thorough assessment of NVX stock, go to TipRanks’ Stock Analysis page.
