Bullboard - Stock Discussion Forum Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

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Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the... see more

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TSX:ELVA - Post Discussion

Electrovaya Inc > Fridays Buying

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Post by Stockholder2008 on Feb 12, 2024 8:57am

Fridays Buying

It has been suggested that Fridays buying was from:

A. Empolyees buying up their options. If so since Electrovaya;s employees are Canadian the volume would have been on the TSX not NAZDAQ.

B. Warrants were being exercised. Warrant price is fixed at time of purchase and are lower than market price. Since the stock price increased through ou the day with increasing volume, I ruled that out also.

C: Institutional buying is what is left. Evidently one or more institutions caught wind of the Alaxender Dennis Div of NFI getting a 33 electric bus order. Either that or they wanted shares in hand to sell during the run up today.

In any case - - - hold on to your hat today ! E N J O Y !!

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