Braille Energy (TSXV:BES): An EV Battery Stock To Buy

2 min read | March 29, 2021 06:13 AM EDT | By Anuj

Braille Energy (TSXV:BES): An EV Battery Stock To Buy

Braille Energy Systems Inc. (TSXV:BES)

The ultralight battery system developer’s current share price is C$ 0.72. It is up 4,700 per cent in one year, outperforming the TSX 300 Composite index that has returned 604 per cent relatively.

The stock has risen almost 658 per cent this year following Braille Energy’s business transformation and its partnership with the EV industry.

It has a market cap of around C$ 52 million and a return on equity of 25.20 per cent, with an average 3.4 million volume for the past 50 days.

Braille Energy’s One-Year Stock Performance Chart. (Source: EODHD/Others)

The green stock has soared 14,300 per cent compared with its 52-week low of C$ 0.0050 per share recorded on March 30, 2020.

For the first fiscal quarter of 2021, the firm posted revenue of C$ 755,270, a rise of 12.8 per cent against the first quarter of the fiscal year 2020.

Braille Energy’s Outlook

The company expects to have good demand for its newly built F31 Fleet-Lite Lithium battery for commercial trucks. The company also said that it has enough working capital to invest in its plant expansion for the current calendar year.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.

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