Novonix Ltd (ASX:NVX)’s share price fell 1.8% during mid-day trading on Thursday . The stock traded as low as A$0.54 ($0.38) and last traded at A$0.54 ($0.38), 1,900 shares changed hands during trading. A decline of 98% from the average session volume of 126,071 shares. The stock had previously closed at A$0.55 ($0.39).
The stock has a market capitalization of $65.88 million and a P/E ratio of -6.15. The firm has a 50 day moving average price of A$0.48. The company has a quick ratio of 0.63, a current ratio of 0.82 and a debt-to-equity ratio of 24.05.
In other news, insider Anthony (Tony) Bellas 2,750,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. Also, insider Philip St Baker purchased 5,000,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of A$0.30 ($0.21) per share, for a total transaction of A$1,500,000.00 ($1,063,829.79).
Novonix Limited advanced develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. The company operates through three segments: Graphite Exploration and Mining, Battery Testing, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia.
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