Novonix Ltd (ASX:NVX) Insider Philip St Baker Buys 5,000,000 Shares

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Novonix Ltd (ASX:NVX) insider Philip St Baker bought 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of A$0.30 ($0.21) per share, for a total transaction of A$1,500,000.00 ($1,063,829.79).

Shares of NVX opened at A$0.47 ($0.33) on Thursday. The firm has a market cap of $57.88 million and a price-to-earnings ratio of -5.40. The company has a fifty day moving average of A$0.47. Novonix Ltd has a fifty-two week low of A$0.36 ($0.26) and a fifty-two week high of A$0.75 ($0.53). The company has a debt-to-equity ratio of 24.05, a quick ratio of 0.63 and a current ratio of 0.82.

About Novonix

Novonix Limited advanced develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. The company operates through three segments: Graphite Exploration and Mining, Battery Testing, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia.

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