Enablence Technologies Inc. (CVE:ENA – Get Free Report) shares rose 52% during mid-day trading on Monday . The stock traded as high as C$11.06 and last traded at C$10.00. Approximately 69,455 shares traded hands during trading, an increase of 553% from the average daily volume of 10,638 shares. The stock had previously closed at C$6.58.
Enablence Technologies Price Performance
The stock has a market cap of C$210.70 million, a price-to-earnings ratio of -8.40 and a beta of 1.01. The company’s fifty day moving average price is C$4.38 and its 200-day moving average price is C$2.80.
Enablence Technologies Company Profile
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.
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