The Novonix (ASX:NVX) share price is on a rollercoaster ride today

The Novonix Ltd (ASX: NVX) share price has been on a rollercoaster ride in Wednesday’s trade. 

Shares in the Aussie lithium-ion battery group jumped to a new record high of $4.23 per share in early trading, before crashing to a low of $2.95. That’s a drop of almost 15%.

At the time of writing, the Novonix share price has recovered slightly and is currently trading at $3.34, down 7.5%.

Why is the Novonix share price wobbling today?

Novonix is an integrated developer and supplier of high-performance materials, equipment, and services for the lithium-ion battery industry.

In the absence of any fresh announcements to the ASX, could the volatile Novonix share price movement be down to the latest company announcement on 21…