NOVONIX (OTCMKTS:NVNXF) Shares Up 35.4% – Should You Buy?

Shares of NOVONIX Limited (OTCMKTS:NVNXFGet Free Report) shot up 35.4% during trading on Monday . The company traded as high as $0.65 and last traded at $0.64. 393,390 shares changed hands during mid-day trading, an increase of 303% from the average session volume of 97,614 shares. The stock had previously closed at $0.47.

NOVONIX Price Performance

The firm’s 50-day simple moving average is $0.49 and its 200 day simple moving average is $0.46. The company has a current ratio of 6.15, a quick ratio of 5.94 and a debt-to-equity ratio of 0.44.

About NOVONIX

(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.

Further Reading

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