Business
Why the Novonix (ASX:NVX) share price jumped 11% this morning
Novonix Ltd (ASX: NVX) shares were flying this morning after the company announced it will extend its research sponsorship agreement with Dalhousie University. At one stage during morning trade, the Novonix share price was up nearly 11% to $2.99.
However, at the time of writing, Novonix shares have retreated to $2.73, up 1.11% for the day so far.
What moved the Novonix share price?
The Novonix share price is climbing today after the company reported extending its sponsorship of Professor Mark Obravac’s Research Group for a further five years.
The research agreement was signed by the company’s wholly-owned, Canadian based subsidiary Novonix Battery Technology. The research agreement comes under the Natural Sciences and…
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