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

Enablence Technologies Inc. (CVE:ENA)’s share price shot up 8.8% during trading on Thursday . The company traded as high as C$2.35 and last traded at C$2.35. 10,064 shares changed hands during trading, a decline of 3% from the average session volume of 10,399 shares. The stock had previously closed at C$2.16.

Enablence Technologies Stock Performance

The company has a fifty day simple moving average of C$2.28 and a two-hundred day simple moving average of C$1.75. The stock has a market capitalization of C$49.25 million, a price-to-earnings 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.