Extreme Vehicle & Electrovaya: 2 Battery Stocks Powering Up

2 min read | January 19, 2021 10:14 AM EST | By Kunal Sawhney

Extreme Vehicle & Electrovaya: 2 Battery Stocks Powering Up

Extreme Vehicle Battery Technologies Corp (CSE: ACDC)

Current Stock Price: C$ 0.24

The company provides blockchain services and battery solutions to the booming electric vehicle (EV) industry through artificial intelligence (AI)-powered Battery Management Systems.

The ACDC scrips popped up over 26 per cent on Monday, January 18, as the company unveiled its Titan Series that will target renewable energy, cities, and the industrial sector.

Shares of this Canadian Securities Exchange (CSE)-listed company have skyrocketed over 5,660 per cent in one year. The stock is trading with a 30-day average volume of 10.67 million.

The Vancouver-based tech company has 305.65 million issued and outstanding shares on the CSE, with a present market cap of C$ 73.36 million.

Electrovaya Inc. (TSX:EFL)

Current Stock Price: C$ 2.17

The industrial products company develops lithium-ion batteries and battery systems. The EV battery manufacture’s current market cap is C$ 281.5 million.

The lithium battery stock rose nearly 35 per cent on January 18, as per TMX data. Its one-year return has soared over 909 per cent. The stock is offering earnings per share of C$ 0.01, with a present price-to-cashflow ratio of 319.10. Its return on assets is 17.26 per cent.

In the fiscal year (FY) of 2020 (ending on September 30, 2020), the company earned C$ 19 million, up approximately three times, compared to C$ 6.4 million in FY19.

In the fourth quarter of FY20, Electrovaya delivered a C$ 7.3-million order of lithium-ion batteries to Walmart Canada.

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