NOVONIX (OTCMKTS:NVNXF) Trading Down 8% – What’s Next?

NOVONIX Limited (OTCMKTS:NVNXFGet Free Report) dropped 8% during mid-day trading on Wednesday . The stock traded as low as $0.45 and last traded at $0.46. Approximately 27,929 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 95,086 shares. The stock had previously closed at $0.50.

NOVONIX Price Performance

The company’s 50-day simple moving average is $0.46 and its 200-day simple moving average is $0.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.15 and a quick ratio of 5.94.

NOVONIX Company Profile

(Get Free Report)

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.

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