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Stocks of the Hour: NOVONIX, Cynata Therapeutics, Cauldron Energy

sharecafe ·  Aug 8 10:51

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NOVONIX (ASX:NVX) and CBMM has joined forces to develop cost-effective, high-performance cathode materials. NOVONIX's patented process will combine with CBMM's niobium to create high-performance, low-cost batteries. Shares are trading 0.81 per cent lower at 61 cents.

Cynata Therapeutics (ASX:CYP) announces positive preclinical results for Cymerus therapy in pulmonary fibrosis. Cymerus MSCs demonstrated significant reversal of pulmonary fibrosis and lung stiffness in preclinical model. Shares are trading 2.56 per cent higher at 20 cents.

Cauldron Energy (ASX:CXU) confirms high-grade uranium mineralisation at Bennet Well. Infill drilling program successfully extends and confirms uranium palaeochannel, with plans to expand exploration footprint. Shares are trading flat at 1.9 cents.

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