Hi there,
I'd be lying if I said i knew where they were going short term. Both of these are small cap stocks that are likely to move on momentum which can shift at any time. EFL in particular has seen a big spike because of the money flows into EV - doesn't make it a great holding - it is benefiting from the current industry momentum.
These companies are extremely hard to value and over the short term, tend to defy any type of fundamental market analysis. Of those two companies, I'd consider this one to be the better investment of the two as it is posting higher growth rates. I However, there is a valuation risk with the company given it has doubled in the past month, and tripled over the past three months. It is also worth noting it is not in overbought territory with a 14-day RSI of 82 - and may be due for a short term pullback.
Also worth noting, EFL is reporting after the bell today and it can move in a big way on either side depending on the outcome of this quarter's results. For these types of companies, it may be best to average into positions - especially around earnings.
With both of these companies, expect considerably volatility and are more suitable for the high risk investor.
Mat