'Splain it to me, Lucy!!
posted on
Feb 24, 2021 11:18AM
EFLVF, Electrovaya has a share price about $1.67 USD on the US OTC and an average daily share trading volume of only 354,000. Electrovaya, another Canadian Small Cap, has announced they have applied to list on the NASDAQ.
I don't know what pathway of the numerous available pathways to gain listing on the NASDAQ that Electrovaya is taking, but I find it interesting that this company trades less than a dollar USD over the current share price of POETF on the OTC in the US and less than a dollar, Canadian, over PTK in Canada.
If they are able to make a NASDAQ application with only their current share price and with a daily volume of less than 400,000 share traded then "Splain it to me, Lucy", why couldn't POET do the same. I know the answer has to be simple and beyond my understanding, but "inquiring readers want to know". Just askin' Thanks!
Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL; OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, has submitted an initial application to list its common shares on the Nasdaq Stock Market (“NASDAQ”).
The Company is pursuing a NASDAQ listing in order to enhance its investor profile, with the goal of attracting institutional and retail investors, furthering M&A opportunities, and increasing shareholder value.
Electrovaya has applied to list on the NASDAQ, allows broader investor base
Electrovaya shares will continue to be listed on the TSX under the symbol “EFL"
Electrovaya is a technology-intensive company and holds more than 100 patents in lithium ion battery technology.