Is Electrovaya Inc. a Sell? The Stock Declines Again

 Is Electrovaya Inc. a Sell? The Stock Declines Again

The stock of Electrovaya Inc. (TSE:EFL) is a huge mover today! About 58,624 shares traded hands. Electrovaya Inc. (TSE:EFL) has risen 57.64% since April 15, 2016 and is uptrending. It has outperformed by 53.78% the S&P500.
The move comes after 9 months negative chart setup for the $197.62 million company. It was reported on Nov, 21 by Barchart.com. We have $1.92 PT which if reached, will make TSE:EFL worth $25.69 million less.

More important recent Electrovaya Inc. (TSE:EFL) news were published by: Marketwatch.com which released: “Electrovaya Inc.” on April 15, 2011, also Business.Financialpost.com published article titled: “Podcast: Electrovaya Inc. CEO says products superior to Tesla, Panasonic, and BYD”, Bloomberg.com published: “Tiny Battery Company Electrovaya Is Taking on Tesla, Panasonic” on June 30, 2016. More interesting news about Electrovaya Inc. (TSE:EFL) was released by: Globenewswire.com and their article: “Electrovaya Completes Transformational Acquisition of Evonik Litarion GmbH and …” with publication date: April 29, 2015.

Electrovaya Inc. is a Canada-based company, which is engaged in developing, manufacturing and marketing of power technology products. The company has a market cap of $197.62 million. The Firm develops energy storage products, including electrodes, separators, cells, modules and advanced battery systems. It currently has negative earnings. The Firm develops Lithium Ion SuperPolymer batteries and battery-related products for the clean electric transportation, utility scale energy storage and smart grid power, consumer and healthcare markets.

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