NOVONIX Announces Cessation of Performance Rights
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NOVONIX Ltd announced the cessation of 644,729 performance rights due to unmet conditions, impacting its equity structure without financial consideration. Analysts rate NVX stock as Hold with a $1.00 target, noting poor financial performance and bearish technical analysis. The stock faces challenges due to negative cash flows, unattractive valuation metrics, and a negative P/E ratio. Current market cap is $237.4M.
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