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NOVONIX Ltd ( (AU:NVX) ) has provided an announcement.
NOVONIX Ltd announced a proposed issuance of securities, including 100,000,000 convertible debentures and 783,867 ordinary fully paid shares, scheduled for July 25, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning, as it seeks to enhance its financial flexibility and support its growth initiatives.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 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 is a company operating in the energy sector, primarily focusing on the production and supply of advanced battery materials and technologies. The company is known for its involvement in the development of high-performance anode materials and battery testing equipment, serving markets that demand efficient energy storage solutions.
Average Trading Volume: 4,484,941
Technical Sentiment Signal: Sell
Current Market Cap: A$378.7M
See more data about NVX stock on TipRanks’ Stock Analysis page.