Business
Why the Novonix (ASX:NVX) share price rocketed 36% higher to a record high
The Novonix Ltd (ASX: NVX) share price has been on fire again on Thursday.
In morning trade the shares of the integrated developer and supplier of high-performance materials, equipment, and services for the lithium-ion battery industry surged a further 36% to a record high of $2.84.
This latest gain means the Novonix share price has rocketed 78% in the space of just five days.
Why is the Novonix share price surging higher today?
Just two days since its last announcement, this morning Novonix announced another positive development.
According to the release, the company’s wholly owned U.S.-based subsidiary, PUREgraphite, has been selected to receive a ~US$5.6 million grant by the U.S. Department of Energy (DOE) for new technology…
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