Enablence Technologies (CVE:ENA) Shares Up 6.5% – Here’s Why

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

Enablence Technologies Price Performance

The stock has a market cap of C$51.35 million, a price-to-earnings ratio of -2.36 and a beta of 2.88. The firm’s 50-day moving average is C$1.86 and its 200 day moving average is C$1.52.

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.