Shares of NOVONIX Limited (OTCMKTS:NVNXF – Get Free Report) shot up 7.6% during trading on Friday . The company traded as high as $0.28 and last traded at $0.27. 63,720 shares traded hands during trading, a decline of 25% from the average session volume of 85,393 shares. The stock had previously closed at $0.2510.
NOVONIX Stock Up 7.6%
The stock has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.34. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.27.
NOVONIX Company Profile
NOVONIX is a Canada-based company that develops and manufactures advanced materials, equipment and services for the lithium-ion battery market. The company’s core business activities center on the production of ultra-high-purity synthetic graphite used in the anodes of electric vehicle (EV) batteries, as well as the design and fabrication of battery test systems. NOVONIX’s proprietary graphite purification technology aims to meet the stringent requirements of global automotive OEMs and battery manufacturers seeking improved energy density, cycle life and fast‐charging performance.
In addition to material production, NOVONIX offers an integrated suite of battery testing products and laboratory services.
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