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NOVONIX (NASDAQ:NVX) Trading Down 1% - Time to Sell?

NOVONIX logo with Computer and Technology background

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report) shares fell 1% on Thursday . The stock traded as low as $0.99 and last traded at $1.03. 68,768 shares were traded during mid-day trading, a decline of 35% from the average session volume of 105,707 shares. The stock had previously closed at $1.04.

NOVONIX Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The company's fifty day moving average price is $1.18 and its 200-day moving average price is $1.32.

Institutional Trading of NOVONIX

Several institutional investors have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC purchased a new stake in shares of NOVONIX during the fourth quarter valued at $99,000. Jackson Hole Capital Partners LLC purchased a new position in NOVONIX in the 4th quarter worth about $45,000. Finally, Two Sigma Securities LLC bought a new stake in NOVONIX during the 4th quarter valued at about $28,000. Institutional investors own 0.06% of the company's stock.

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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