Why the Novonix (ASX:NVX) share price jumped 11% this morning
Nikhil Gangaram | February 12, 2021 2:05pm |
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Novonix Ltd(ASX: NVX) shares were flying this morning after the company announced it will extend its research sponsorship agreement with Dalhousie University. At one stage during morning trade, the Novonix share price was up nearly 11% to $2.99.
However, at the time of writing, Novonix shares have retreated to $2.73, up 1.11% for the day so far.
What moved the Novonix share price?
The Novonix share price is climbing today after the company reported extending its sponsorship of Professor Mark Obravac’s Research Group for a further five years.
NOVONIX Ltd (ASX:NVX) New 5 Year R&D Sponsorship Signed with Dalhousie University
New 5 Year R&D Sponsorship Signed with Dalhousie UniversityBrisbane, Feb 12, 2021 AEST (ABN Newswire) - NOVONIX Limited (
OTCMKTS:NVNXF) is pleased to announce that its wholly owned, Canadian-based subsidiary, Novonix Battery Technology Solutions ( Novonix BTS ), will extend its sponsorship of Prof. Mark Obrovac s lab at Dalhousie University through a new research agreement under the Natural Sciences and Engineering Research Council (NSERC) of Canada s Alliance Grants Program.
- Novonix will extend its sponsorship of Professor Mark Obrovac s Research Group for a subsequent 5-year term under a new agreement
- Novonix will have first rights to IP developed from this agreement