NOVONIX Ltd ( (AU:NVX) ) has shared an update.
NOVONIX Ltd is an energy solutions company focusing primarily on energy storage and battery technology. In a recent notice, Phillips 66 Company (P66), a substantial holder in NOVONIX Ltd, reported a reduction in its voting power from 13.75% to 12.54% due to the dilution effect following the issuance of new shares by NOVONIX. This change indicates a shift in P66’s influence within the company, potentially impacting future shareholder dynamics and strategic decisions.
More about NOVONIX Ltd
YTD Price Performance: -18.33%
Average Trading Volume: 148,381
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $239.7M
For detailed information about NVX stock, go to TipRanks’ Stock Analysis page.