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NOVONIX Ltd ( (AU:NVX) ) just unveiled an update.
NOVONIX Limited has announced the cessation of 139,547 performance rights (ASX code: NVXAD), which have lapsed because the applicable conditions were not met or can no longer be satisfied. The lapse marginally reduces the company’s pool of potential equity-based incentives, signaling no new dilution for existing shareholders from these particular rights and reflecting an adjustment in the company’s issued capital structure.
The most recent analyst rating on (AU:NVX) stock is a Sell with a A$0.36 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 (ASX: NVX) is an Australian-listed company operating in the advanced battery materials and technology sector, focused on supplying high-performance materials and related technologies for lithium-ion batteries and energy storage applications.
YTD Price Performance: -9.52%
Average Trading Volume: 5,932,371
Technical Sentiment Signal: Sell
Current Market Cap: A$326.8M
Find detailed analytics on NVX stock on TipRanks’ Stock Analysis page.