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

Electrovaya Inc. (OTCMKTS:EFLVFGet Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.41 and traded as low as $2.25. Electrovaya shares last traded at $2.28, with a volume of 28,976 shares traded.

Electrovaya Trading Down 4.6 %

The firm has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $2.39.

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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