Electrovaya Inc. (EFL:CA) Rises 9.76% for October 08

Equities Staff  |

October 08 was a positive day for Electrovaya Inc. (EFL:CA) as its stock finished the day having gained 9.76% to hit a price of $0.23 a share. The company reached a market cap of 24.13 million and has 107.24 million shares outstanding. Electrovaya Inc. is a component of the the S&P/TSX SmallCap Index.

16,000 shares changed hands over the course of the day as compared to an average volume of n/a over the last 30 days for Electrovaya Inc..

Electrovaya Inc designs and develops electrodes, separators, cells, advanced battery, and battery systems for the transportation, electric grid stationary storage and mobile markets. The company owns a proprietary Lithium Ion SuperPolymer technology, an expert in design and development of large-format prismatic (flat) battery systems and ceramic composite separator (SEPARIONTM) that can provide customers with benefits, including improved cycle life and safety. Its geographical focus is in Europe and North America. The majority of its revenue is generated from the European region.. The company makes its home in Mississauga, ON, and is currently under the leadership of CEO Sankar Gupta.

Electrovaya Inc. has hit a high of $0.35 and reached a low of $0.14 over its last year of trading. The stock’s 50-day SMA is now $n/a and 200-day SMA is $n/a. As for its price valuations, the P/E ratio is at n/a and P/B is now -1.41.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Electrovaya Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: EFL:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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