Enablence Technologies (CVE:ENA) Shares Up 7.1% – Here’s What Happened

Enablence Technologies Inc. (CVE:ENAGet Free Report)’s stock price shot up 7.1% on Friday . The company traded as high as C$1.50 and last traded at C$1.50. 748 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 3,417 shares. The stock had previously closed at C$1.40.

Enablence Technologies Stock Up 7.1 %

The company has a market capitalization of C$27.89 million, a price-to-earnings ratio of -1.79 and a beta of 0.49. The firm has a 50 day moving average price of C$1.78 and a two-hundred day moving average price of C$1.47.

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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