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The latest update is out from NOVONIX Ltd ( (AU:NVX) ).
NOVONIX Ltd announced the cessation of 3,236,775 performance rights due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s strategic adjustments in managing its financial instruments.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.74 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 Ltd operates in the energy sector, focusing on the development and production of advanced battery materials and technologies. The company is known for its innovative solutions in the battery industry, catering to the growing demand for efficient energy storage systems.
YTD Price Performance: -22.45%
Average Trading Volume: 5,152,439
Technical Sentiment Signal: Sell
Current Market Cap: A$379.2M
For a thorough assessment of NVX stock, go to TipRanks’ Stock Analysis page.