Third is Electrovaya Inc., at 62.5-per-cent. The company is a provider of energy-storage products, notably lithium-ion batteries for use in electric cars and wind/solar power generation. Over the last four quarters, the company recorded a loss of $1.8-million on sales of $24.5-million. Valuation is stretched, with the stock price trading at nine times sales and 17 times book value.

https://research.tdwaterhouse.ca/research/public/Markets/ExclusiveInsight?documentKey=867-32840910-0UE5B7KTO6NTHE5FSESABOKLCT