Enablence Technologies (CVE:ENA) Shares Up 44.1%

Enablence Technologies Inc. (CVE:ENA) shares rose 44.1% during mid-day trading on Wednesday . The company traded as high as C$0.85 and last traded at C$0.85. Approximately 7,295 shares changed hands during trading, an increase of 81% from the average daily volume of 4,040 shares. The stock had previously closed at C$0.59.

Enablence Technologies Price Performance

The firm has a market capitalization of C$13.01 million, a price-to-earnings ratio of -1.08 and a beta of 0.14. The business’s 50-day moving average price is C$0.76 and its 200 day moving average price is C$0.99.

Enablence Technologies (CVE:ENA) last released its quarterly earnings results on Thursday, February 29th. The company reported C($0.27) earnings per share (EPS) for the quarter. The company had revenue of C$0.46 million for the quarter.

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.