Why is the Novonix (ASX:NVX) share price surging 11% to an all-time high today?

why is the novonix asxnvx share price surging 11 to an all time high today

Sumary of Why is the Novonix (ASX:NVX) share price surging 11% to an all-time high today?:

  • Not only that, they hit $10.74 earlier this morning, which is a new all-time high for this company.
  • The company said this new facility would “produce the high purity and high consistency anode material required for long-life batteries, specifically for electric vehicles and similar storage application”.
  • The company is a developer and supplier of materials, services, and equipment for the lithium-ion battery industry.
  • We are seeing other players in the battery and lithium spaces also enjoying some outsized gains today.
  • For instance, lithium producers Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE) are also enjoying strong performances.
  • Pilbara shares are up a healthy 3.36% at $2.62 apiece at the time of writing (a new all-time high).
  • As my Fool colleague Brooke covered earlier in the month, the catalyst for these longer gains appears to be the company’s most recent quarterly activities and cash-flow update.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close