Enablence Technologies (CVE:ENA) Sets New 52-Week High – Here’s What Happened

Enablence Technologies Inc. (CVE:ENA) reached a new 52-week high on Monday . The stock traded as high as C$7.50 and last traded at C$7.49, with a volume of 16590 shares trading hands. The stock had previously closed at C$3.77.

Enablence Technologies Trading Up 20.7%

The firm has a market capitalization of C$140.43 million, a price-to-earnings ratio of -5.63 and a beta of 1.01. The firm has a 50 day moving average price of C$3.10 and a two-hundred day moving average price of C$2.30.

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.