(Updates with the latest stock movement in the headline and first paragraph.)
Novonix (NVX) shares were up over 16% in recent Monday trading after the company said it has delivered its first commercial-grade sample of synthetic graphite for industrial applications to an undisclosed North American carbon processor customer.
The company said it provided an industrial-grade mass production sample, which enables a faster path to market than battery-grade synthetic graphite.
Target supply volumes will be defined once final product qualification has been completed and a definitive supply agreement has been established with the customer, Novonix said.
Price: 1.42, Change: +0.20, Percent Change: +16.39