Enablence Technologies (CVE:ENA) Hits New 52-Week High – Here’s Why

Enablence Technologies Inc. (CVE:ENA) shares reached a new 52-week high on Wednesday . The company traded as high as C$2.80 and last traded at C$2.80, with a volume of 1922 shares changing hands. The stock had previously closed at C$2.25.

Enablence Technologies Trading Up 42.2%

The stock has a market cap of C$67.07 million, a PE ratio of -2.69 and a beta of 1.95. The business has a 50-day moving average price of C$2.31 and a 200 day moving average price of C$1.79.

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.