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...
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Last
57.5¢ |
Change
-0.010(1.71%) |
Mkt cap ! $283.8M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 60.0¢ | 57.5¢ | $469.0K | 799.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18506 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 10000 | 1 |
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| NVX (ASX) Chart |