Enablence Technologies Inc. (CVE:ENA – Get Free Report) shot up 7% on Friday . The company traded as high as C$6.74 and last traded at C$6.74. Approximately 1,268 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 11,345 shares. The stock had previously closed at C$6.30.
Enablence Technologies Trading Up 7.0%
The company has a 50-day moving average of C$8.18 and a 200-day moving average of C$4.51. The firm has a market capitalization of C$142.01 million, a price-to-earnings ratio of -5.81 and a beta of 1.06.
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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