BUZZ-Australia's <a href="https://laohu8.com/S/NVX">NOVONIX</a> drops to nearly 6-year low on Nasdaq compliance warning** Shares of Australia's NOVONIX NVX.AX fall as much as 6.4% to A$0.258, their lowest level since May 14, 2020
** The battery metals and technology co says it receives written notification from the Nasdaq Stock Market
** Says Nasdaq cites company is not in compliance with minimum bid price requirement
** Adds that notice says closing bid price of co's American Depositary Receipts (ADRs) listed on Nasdaq below minimum requirement of $1.00 per ADR
** Nasdaq says co has 180 calendar days from date of notice to regain compliance
** Despite moves, stock down 38.1% YTD
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.