Electrovaya (OTCMKTS:EFLVF) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.49 and traded as high as $2.50. Electrovaya shares last traded at $2.44, with a volume of 82,976 shares changing hands.

Electrovaya Stock Up 2.5 %

The business has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.31.

Electrovaya Company Profile

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Electrovaya Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties.

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