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 !!