Electrovaya Inc. (TSE:EFL) shares rose 11.1% during mid-day trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 283,730 shares changed hands during mid-day trading, an increase of 211% from the average daily volume of 91,167 shares. The stock had previously closed at C$0.18.

The firm has a market cap of $18.13 million and a P/E ratio of -4.26.

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Electrovaya Company Profile (TSE:EFL)

Electrovaya Inc, together with its subsidiaries, designs, develops, manufactures, and markets lithium-ion based battery products in Canada, the United States, Germany, and internationally. It provides lithium-ion batteries and systems for materials handling electric vehicles (MHEVs) and other electric transportation applications, as well as for electric stationary storage and other battery markets.

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