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NOVONIX (NASDAQ:NVX) Stock Price Up 5.4% - Here's Why

NOVONIX logo with Computer and Technology background

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report)'s stock price traded up 5.4% during trading on Friday . The company traded as high as $1.81 and last traded at $1.56. 1,755,470 shares were traded during trading, an increase of 1,376% from the average session volume of 118,895 shares. The stock had previously closed at $1.48.

NOVONIX Trading Up 5.4%

The company has a 50 day simple moving average of $1.19 and a two-hundred day simple moving average of $1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.24.

Institutional Investors Weigh In On NOVONIX

An institutional investor recently bought a new position in NOVONIX stock. Quinn Opportunity Partners LLC acquired a new stake in NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 55,000 shares of the company's stock, valued at approximately $99,000. 0.06% of the stock is currently owned by institutional investors and hedge funds.

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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