Great announcement. Sets a great platform.
Board/management with deep experience and associations to big names in Battery EV space. Plans for major growth and expansion. Very well funded to execute and deliver.
Bought at $1 a year ago and seen some big moves, both up and down. Big runs up to $2.40and $3+. Consolidation periods at $1 and $2.50. Holder patience has been rewarded. Happy to a be buyer below the $2.90 raise.
Another run has started and likely we’ll see higher higher with further news.
Based on past technicals I expect $3.50+ to be new support/minimum.
On fundamentals, bigger news should launch NVX well into the $5+ and beyond over time.Morgans target is $4.53.
“Morgans believes a supply agreement is likely which de-risks the company's growth plans lifts its target price to $4.53 from $3.34, while retaining a Speculative Buy.”
https://the-pick.com.au/phillips-66-makes-us150-million-strategic-investment-in-australias-novonix/
NVX Chart, page-568
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Last
61.5¢ |
Change
0.005(0.82%) |
Mkt cap ! $303.0M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 63.5¢ | 61.0¢ | $650.5K | 1.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 66264 | 61.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 4039 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| NVX (ASX) Chart |