Electrovaya (OTCMKTS:EFLVF) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.53 and traded as low as $2.45. Electrovaya shares last traded at $2.50, with a volume of 47,082 shares changing hands.

Electrovaya Price Performance

The firm has a fifty day simple moving average of $2.53 and a two-hundred day simple 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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