Enablence Technologies (CVE:ENA) Trading 6.5% Higher – Here’s What Happened

Enablence Technologies Inc. (CVE:ENA)’s stock price shot up 6.5% on Thursday . The stock traded as high as C$2.45 and last traded at C$2.45. 2,508 shares changed hands during trading, a decline of 26% from the average session volume of 3,379 shares. The stock had previously closed at C$2.30.

Enablence Technologies Trading Up 6.5%

The stock has a market capitalization of C$51.35 million, a price-to-earnings ratio of -2.36 and a beta of 2.88. The stock has a 50-day simple moving average of C$1.88 and a 200 day simple moving average of C$1.53.

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.