NOVONIX (NASDAQ:NVX) Trading Up 6.1% – What’s Next?

NOVONIX Limited (NASDAQ:NVX)’s share price was up 6.1% during mid-day trading on Thursday . The company traded as high as $1.93 and last traded at $1.91. Approximately 112,340 shares were traded during trading, an increase of 34% from the average daily volume of 83,624 shares. The stock had previously closed at $1.80.

NOVONIX Stock Performance

The business’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $1.81. The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44.

Institutional Investors Weigh In On NOVONIX

A hedge fund recently raised its stake in NOVONIX stock. Jane Street Group LLC raised its position in NOVONIX Limited (NASDAQ:NVX) by 103.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,495 shares of the company’s stock after purchasing an additional 17,541 shares during the quarter. Jane Street Group LLC’s holdings in NOVONIX were worth $63,000 as of its most recent SEC filing. Institutional investors own 0.06% of the company’s stock.

NOVONIX Company Profile

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.