Lite Access Technologies (CVE:LTE) Shares Down 2%

Lite Access Technologies Inc (CVE:LTE) shares traded down 2% during trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.25, 10,000 shares traded hands during mid-day trading. A decline of 88% from the average session volume of 84,248 shares. The stock had previously closed at C$0.26.

The stock’s 50 day moving average price is C$0.22 and its 200 day moving average price is C$0.21. The company has a current ratio of 4.15, a quick ratio of 3.51 and a debt-to-equity ratio of 5.91. The company has a market cap of $11.11 million and a price-to-earnings ratio of -1.94.

Lite Access Technologies Company Profile (CVE:LTE)

Lite Access Technologies Inc manufactures, distributes, sells, and installs fiber optic technology specializing in micro ducts and air-blown fiber in Canada, the United States, the United Kingdom, and internationally. It operates in two segments, Product and Fibre Optic Installation. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services that are used in various communication networks, including Olympic, military, and government facilities.

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