Enablence Technologies (CVE:ENA) Trading 8.8% Higher – Here’s What Happened

Enablence Technologies Inc. (CVE:ENA) rose 8.8% on Thursday . The company traded as high as C$2.35 and last traded at C$2.35. Approximately 10,064 shares were traded during trading, a decline of 3% from the average daily volume of 10,399 shares. The stock had previously closed at C$2.16.

Enablence Technologies Trading Up 8.8%

The company has a 50 day moving average of C$2.28 and a 200-day moving average of C$1.75. The firm has a market capitalization of C$49.25 million, a P/E ratio of -1.97 and a beta of 1.95.

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.