Australia's NOVONIX at two-week high as company divests non-core business

Novonix

01/05/2026 04:23

** Shares of NOVONIX NVX.AX rise as much as 8% to A$0.27, on track to log their best session since April 16, if gains hold

   ** The battery tech company closes sale of its NOVONIX Battery Technology Solutions Inc. business in Nova Scotia, Canada, to its former chief executive officer

** Directs its focus on synthetic graphite and domestic supply of the critical mineral

** NOVONIX stock down 36.9% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))