Chardan has initiated coverage on NOVONIX with a buy rating and 12 month price target of $4 on the belief shares are poised to outperform as NVX enters full-scale synthetic graphite production in the back-half of next year. Importantly, the company's established relationships provide it an opportunity to grow with key OEM manufacturers. NOVONIX Limited is segmented into business units: Battery Technology Solutions (including cathodes) and Anode Materials, and cathode materials. Current plans target a significant build out in North America through a Riverside facility in Chattanooga, Tennessee. The company is headquartered in Brisbane, Australia.
Chardan has initiated coverage on NOVONIX with a buy rating and 12 month price target of $4
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Last
61.5¢ |
Change
0.025(4.24%) |
Mkt cap ! $303.0M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.5¢ | 59.0¢ | $677.5K | 1.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1450 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 33870 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NVX (ASX) Chart |