Enablence Technologies (CVE:ENA) Trading 6.9% Higher – Time to Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report) shares shot up 6.9% on Monday . The company traded as high as C$1.40 and last traded at C$1.40. 400 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,873 shares. The stock had previously closed at C$1.31.

Enablence Technologies Trading Up 6.9%

The company has a fifty day moving average price of C$1.56 and a two-hundred day moving average price of C$1.30. The firm has a market capitalization of C$26.85 million, a price-to-earnings ratio of -1.35 and a beta of 1.28.

About Enablence Technologies

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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.

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