Electrovaya (TSE:EFL) Stock Price Passes Above 200-Day Moving Average of $0.24

Electrovaya Inc. (TSE:EFL)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.24 and traded as high as $0.23. Electrovaya shares last traded at $0.23, with a volume of 39,633 shares traded.

The firm has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.24. The stock has a market cap of $24.67 million and a price-to-earnings ratio of -8.60.

Electrovaya (TSE:EFL) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$1.55 million during the quarter. On average, research analysts forecast that Electrovaya Inc. will post -0.1330232 EPS for the current year.

Electrovaya Company Profile (TSE:EFL)

Electrovaya Inc, together with its subsidiaries, designs, develops, manufactures, and markets lithium-ion based battery products in Canada, the United States, Germany, and internationally. It provides lithium-ion batteries and systems for materials handling electric vehicles (MHEVs) and other electric transportation applications, as well as for electric stationary storage and other battery markets.

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