Why the Novonix share price is frozen today
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Today, most of Australia’s top 500 publicly listed companies are moving higher. Meanwhile, the Novonix Ltd (ASX: NVX) share price cannot move an inch in either direction.
Anyone who had hoped to hit buy or sell on the shares of this battery materials company is left twiddling their thumbs. The synthetic graphite manufacturer is sitting in a trading halt this morning after making the request ahead of the opening bell.
Before being hit by Frozone today, Novonix also made waves yesterday. As covered by James Mickleboro, the company revealed the inking of a binding offtake agreement with PowerCo during Monday’s session, an announcement that flung the share price 30% higher on the day.
Topping up the tank
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