Novonix (ASX:NVX) shares fall, how are other Lithium stocks faring?

Image Source: © Timonschneider | Megapixl.com

Highlights:

  • Novonix Limited shares traded 4.819% lower at AU$2.370 per share on ASX at 4:11 PM AEST today.
  • Shares of other leading Lithium players, including Argosy Minerals Limited, Vulcan Energy Resources, and Lake Resources N.L., were down 5.80%, 6.05%, and 4.05%, respectively.
  • The Australian share market extended yesterday’s gains as the ASX 200 closed 0.86% higher at 6,763.60 points today.

 

The share price of ASX-listed battery material & technology company Novonix Limited (ASX:NVX) slipped 4.819% at AU$2.370 per share on ASX at 4:11 PM AEST today. The fall in the company’s share price was seen, although it did not issue any market-sensitive announcement on the ASX board today. The share price of Novonix Limited has gained nearly 7.24% in the last one year. Coming to the stock’s year-to-date (YTD) performance, the company’s shares have fallen almost 77.47%. 

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The Australian shares market extended yesterday’s gains as the ASX 200 closed 0.86% higher at 6,763.60 points today. Six of 11 sectors closed higher today, where the gains were predominantly led by Energy, Utilities and Materials sectors. The S&P/ASX 200 Energy [XEJ] was up 3.62% at 10,266.10 points.

Image Source: © Charon| Megapixl.com

Novonix Limited falls in the Technology Hardware & Equipment industry group, and the company commands a market capitalisation of AU$1.21 billion. At the beginning of this year, Phillips 66 declared a strategic investment of US$150m in Novonix, developing Novonix’s synthetic graphite production for quality lithium-ion batteries.

Meanwhile, shares of other leading Lithium players, including Argosy Minerals Limited (ASX:AGY), Vulcan Energy Resources (ASX:VUL), and Lake Resources N.L. (ASX:LKE) were down 5.80%, 6.05%, and 4.05% respectively. 

 Unfollowing yesterday’s trend, the information technology sector declined 0.58% today. Shares of tech companies, including Xero Limited (ASX:XRO) and WiseTech Global Limited (ASX:WTC) fell 0.67% and 0.76%, respectively.

 

 

 


 


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