Electrovaya (OTCMKTS:EFLVF) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.47 and traded as low as $2.11. Electrovaya shares last traded at $2.11, with a volume of 64,382 shares.

Electrovaya Stock Down 6.6 %

The firm’s 50 day simple moving average is $2.47 and its two-hundred day simple moving average is $2.33.

About Electrovaya

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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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