Business
Why is the Novonix (ASX:NVX) share price in a trading halt today?
The Novonix Ltd (ASX: NVX) share price was in a trading halt today on news the company plans to undertake a capital raising. The graphite producer also released its half-year report today for the period ending 31 December 2020.
At the time of writing, the Novonix share price remains suspended at yesterday’s closing price of $3.29.
It has been a positive year thus far for the company as its shares have soared an astounding 165%. Let’s unpack the latest announcements.
Novonix half-year report
Novonix reported depressed revenue for the half-year as the coronavirus pandemic impacted results. As such, revenue from ordinary activities decreased by 6% from $2.9 million to $2.734 million. Moreover, the company saw a widening loss as…
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