NOVONIX (OTCMKTS:NVNXF) Shares Down 6.7% – Here’s Why

NOVONIX Limited (OTCMKTS:NVNXFGet Free Report) fell 6.7% during mid-day trading on Monday . The company traded as low as $0.28 and last traded at $0.28. 20,647 shares traded hands during trading, a decline of 78% from the average session volume of 93,767 shares. The stock had previously closed at $0.30.

NOVONIX Stock Down 6.7 %

The company has a current ratio of 6.15, a quick ratio of 5.94 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.42.

NOVONIX Company Profile

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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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