Australia's NOVONIX slumps to over 6-year low on discounted placement
17/06/2026 04:55
BUZZ-Australia's NOVONIX slumps to over 6-year low on discounted placement ** Shares of battery metals firm NOVONIX NVX.AX fall 20.9% to A$0.19, their lowest level since early April 2020
** Co raises A$20.7 million ($14.62 million) at an issue price of A$0.16 apiece
** Issue price represents a discount of 33.3% to stock's last close
** Shares on track for worst day since mid-October if moves hold
** About 12.4 mln shares change hands, 5.2x the 30-day average of 2.4 mln
** Stock down nearly 56% YTD including current moves
($1 = 1.4162 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)