Novonix Ltd. (GC3.F)
- Stock price movement: The share of Novonix Ltd. closed 1.87 % lower during the 24‑hour period ending at 04:55 PM Central Europe on Wednesday 21 November 2026.
- Current trading price: Approximately EUR 0.05 per share on major exchanges.
- Outstanding shares: 997.9 million.
- Market capitalisation: EUR 47.1 million.
- Volume traded (last 24 h): About EUR 47.3 million.
- Performance since last month‑end: Down 23.71 %.
- 200‑day simple moving average: EUR 0.13.
- 52‑week high: EUR 0.44 (28 October 2025).
- 52‑week low: EUR 0.05 (19 October 2026).
Recent Corporate Development
- Shareholder meeting: LE Minerals Limited convened a general meeting of its shareholders on 20 November 2026 to approve an ordinary resolution for the spin‑out of its wholly‑owned subsidiary, Axon Graphite Pty Ltd.
- Strategic rationale: The proposal follows acquisitions and resource reviews that have positioned the graphite projects (Burke, Corella and Mt Dromedary) in north‑west Queensland as significant assets for battery‑anode production.
- Transaction structure: The planned sale involves a battery‑materials company, with consideration consisting of cash and shares.
- Regulatory status: The transaction is subject to regulatory approval and the fulfilment of several conditions.
- Shareholder information: An explanatory statement will detail the financial and tax implications of the transaction.
- Other agenda items: The meeting will also address any additional business items brought forward under corporate governance provisions.
Market Context – Related Stocks (24 h performance)
| Stock | 24‑h change | Current price | Market capitalisation |
|---|---|---|---|
| Xbiotech (XBIT) | +1 % | USD 1.98 | USD 61 million |
| Rent The Runway (RENT) | +8.6 % | USD 2.10 | USD 62.8 million |
| New Fortress Energy (NFE) | –2.11 % | USD 3.92 | USD 62 million |
| Biomea Fusion (BMEA) | –11.96 % | USD 0.73 | USD 60.6 million |
| Blink Charging (BLNK) | 0 % | USD 0.43 | USD 61 million |
Company Profile
Novonix Ltd. is headquartered in Brisbane, Australia, and is listed on the ASX All Markets. The company focuses on battery materials and technology, offering:
- Battery cell testing equipment.
- High‑performance synthetic graphite production facilities.
- An all‑dry, zero‑waste cathode synthesis process.
Further information is available on the company’s website: www.novonixgroup.com .
