Previous close | 0.3850 |
Open | 0.3850 |
Bid | 0.3700 x N/A |
Ask | 0.3800 x N/A |
Day's range | 0.3700 - 0.3850 |
52-week range | 0.2900 - 0.9500 |
Volume | |
Avg. volume | 150,854 |
Market cap | 41.979M |
Beta (5Y monthly) | 0.24 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0300 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
BRISBANE, Australia, May 16, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX”), a leading battery materials and technology company, today announced that due diligence has been satisfactorily completed for both NOVONIX and Lithium Energy Limited (ASX: LEL)(“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”). As previously announced, NOVONIX has agreed to divest MD South Tenements Pty Ltd, its wholly owned
NOVONIX Limited (“NOVONIX”) and Lithium Energy Limited (“LEL”) to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited (“Axon”)Shares of Axon to be offered through an initial public offering (“IPO”) and listed on the Australian Securities Exchange (“ASX”)NOVONIX and LEL each will retain up to 28.57% ownership of Axon following the planned IPOCreates world class, large-scale natural flake graphite projectRealises value for the shareholders of both NOVO