Australia's Novonix surges after co denies equity capital raising report
07/06/2024 01:51
** Shares of battery tech firm Novonix NVX.AX climb as
much as 10.9% to A$0.715, posting their biggest intraday pct
change since April. 10
** Co says it is not undertaking an equity capital raising
at this time and that its capital position remains strong
** Announcement comes after a report that co will undertake
a capital raising
** Stock down 12.2% this year, as of last close, vs a 3%
increase in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))