NOVONIX (OTCMKTS:NVNXF) Trading 2.6% Higher – Should You Buy?

NOVONIX Limited (OTCMKTS:NVNXFGet Free Report) shot up 2.6% during trading on Tuesday . The company traded as high as $0.42 and last traded at $0.39. 290,112 shares changed hands during mid-day trading, an increase of 178% from the average session volume of 104,300 shares. The stock had previously closed at $0.38.

NOVONIX Price Performance

The business’s fifty day moving average price is $0.48 and its 200 day moving average price is $0.45. The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44.

NOVONIX Company Profile

(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.

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