James Lee Sells 30,000 Shares of POET Technologies (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 30,000 shares of POET Technologies stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$19.79, for a total transaction of C$593,700.00. Following the transaction, the director owned 4,375 shares in the company, valued at approximately C$86,581.25. The trade was a 87.27% decrease in their ownership of the stock.

James Lee also recently made the following trade(s):

• On Wednesday, June 3rd, James Lee sold 4,375 shares of POET Technologies stock. The shares were sold at an average price of C$20.04, for a total value of C$87,675.00.

POET Technologies Stock Down 1.5%

Shares of PTK stock traded down C$0.11 on Thursday, reaching C$7.38. 152,071 shares of the company’s stock traded hands, compared to its average volume of 156,992. POET Technologies Inc. has a 12-month low of C$3.57 and a 12-month high of C$10.53. The company has a debt-to-equity ratio of 14.84, a quick ratio of 5.08 and a current ratio of 1.89. The company has a market capitalization of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82. The business’s 50 day moving average price is C$7.38 and its two-hundred day moving average price is C$7.38.

About POET Technologies

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets.