Electrovaya (OTCMKTS:EFLVF) Shares Up 6% – Here’s Why

Electrovaya Inc. (OTCMKTS:EFLVF – Get Free Report) was up 6% during mid-day trading on Wednesday. The company traded as high as $4.99 and last traded at $4.91. 163,960 shares changed hands during mid-day trading, an increase of 170% from the average daily volume of 60,787 shares. The stock had previously closed at $4.63.

Electrovaya Stock Performance

The firm has a 50 day moving average price of $5.93 and a 200 day moving average price of $8.22.

About Electrovaya

(Get Free Report)

Electrovaya Inc. is a Canadian battery technology company that develops and manufactures lithium-ion battery systems and related components. Its technology portfolio includes lithium-ion cells, battery modules and complete battery systems designed for applications requiring high energy density, long cycle life and enhanced safety. The company serves markets including electric material-handling equipment, commercial and industrial vehicles, electric transportation, stationary energy storage, and specialized aerospace and defense applications.

Further Reading

Receive News & Ratings for Electrovaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrovaya and related companies with MarketBeat.com's FREE daily email newsletter.