Shares of Electrovaya Inc. (OTCMKTS:EFLVF – Get Free Report) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.59 and traded as low as $5.0450. Electrovaya shares last traded at $5.07, with a volume of 452,209 shares traded.
Electrovaya Stock Up 3.2%
The firm’s fifty day moving average price is $6.45 and its 200 day moving average price is $8.45.
About Electrovaya
Electrovaya Inc is a Canadian battery technology company that develops and manufactures lithium-ion batteries, battery systems and related energy-storage solutions. Its products are designed for applications that require high energy density, long cycle life and reliable performance.
The company’s offerings include rechargeable battery systems for electric material-handling equipment, transportation and other commercial and industrial applications. Electrovaya also develops battery technologies and components, including its proprietary ceramic separator technology, which is intended to improve battery safety and durability.
Founded in 1996, Electrovaya serves customers in North America and international markets through its technology and commercial partnerships.
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