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NOVONIX Ltd ( (AU:NVX) ) has provided an announcement.
Novonix Limited has disclosed that YA II PN, Ltd. has ceased to be a substantial holder in the company following the disposal of its shareholding. According to the notice, YA II PN, Ltd. sold 1,631,473 fully paid ordinary shares in Novonix for approximately $846,396.57, reducing its voting power below the substantial holding threshold and potentially broadening the company’s shareholder base as a significant investor exits its position.
The most recent analyst rating on (AU:NVX) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
More about NOVONIX Ltd
Novonix Limited is an Australia-listed company operating in the advanced battery materials and technology sector, focused on supplying high-performance materials and services for lithium-ion batteries used in energy storage and electric vehicle applications.
Average Trading Volume: 10,394,974
Technical Sentiment Signal: Sell
Current Market Cap: A$432.6M
See more data about NVX stock on TipRanks’ Stock Analysis page.