Enablence Technologies Inc. (CVE:ENA – Get Free Report) insider Collingwood Investments Incorporated bought 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was acquired at an average price of C$5.00 per share, for a total transaction of C$1,500,000.00. Following the completion of the acquisition, the insider directly owned 3,526,000 shares in the company, valued at approximately C$17,630,000. This represents a 9.30% increase in their ownership of the stock.
Enablence Technologies Price Performance
ENA stock opened at C$5.25 on Friday. The firm has a market cap of C$127.55 million, a PE ratio of -4.91 and a beta of -0.20. Enablence Technologies Inc. has a 12 month low of C$1.20 and a 12 month high of C$14.75. The firm has a 50 day simple moving average of C$6.83 and a 200 day simple moving average of C$5.62.
About Enablence Technologies
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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