BUZZ-Australia's Novonix gains on $755 mln loan from US energy department

Reuters

2024/12/17

** Shares of Novonix rise as much as 16.2% to A$0.680, posting their biggest intraday percentage gain since Nov. 25

** Battery materials co says it has received $754.8 mln loan from the U.S. Department of Energy

** Loan for new synthetic graphite manufacturing plant in Tennessee

** Stock hits its highest level since Dec. 9

** Almost 9.4 mln shares change hands, compared with the 30-day average volume of about 5.2 mln

** NVX down 12.9% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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