Electrovaya (OTCMKTS:EFLVF) Stock Price Up 0.6% – Should You Buy?
by Michael Walen · The Markets DailyElectrovaya Inc. (OTCMKTS:EFLVF – Get Free Report) was up 0.6% during mid-day trading on Monday . The stock traded as high as $6.91 and last traded at $6.78. Approximately 449,575 shares changed hands during mid-day trading, an increase of 640% from the average daily volume of 60,787 shares. The stock had previously closed at $6.74.
Electrovaya Trading Up 0.6%
The stock’s 50-day moving average price is $5.76 and its 200 day moving average price is $5.12.
Electrovaya Company Profile
Electrovaya is a Canadian developer and manufacturer of advanced lithium-ion battery products, serving a range of industries including electric transportation, industrial material handling and stationary energy storage. Headquartered in Mississauga, Ontario, the company designs and produces battery cells, modules and complete energy storage systems that leverage proprietary nanotechnology to deliver high energy density, long cycle life and enhanced safety features.
The company’s product portfolio includes scalable battery modules for electric buses and commercial vehicles, battery packs for forklifts and automated guided vehicles, as well as containerized energy storage units for grid stabilization, load shifting and renewable energy integration.