Electrovaya Inc. (OTCMKTS:EFLVF – Get Free Report)’s stock price rose 1.4% during trading on Monday . The stock traded as high as $8.9905 and last traded at $8.85. Approximately 358,245 shares were traded during mid-day trading, an increase of 489% from the average daily volume of 60,787 shares. The stock had previously closed at $8.73.
Electrovaya Price Performance
The firm’s fifty day moving average price is $6.11 and its two-hundred day moving average price is $5.59.
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.
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