Insider Buying: Enablence Technologies (CVE:ENA) Insider Acquires C$1,500,000.00 in Stock

Enablence Technologies Inc. (CVE:ENA) insider Collingwood Investments Incorporated purchased 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average cost of C$5.00 per share, with a total value of C$1,500,000.00. Following the purchase, the insider owned 3,526,000 shares of the company’s stock, valued at approximately C$17,630,000. This represents a 9.30% increase in their position.

Enablence Technologies Trading Down 15.1%

CVE:ENA traded down C$0.83 during mid-day trading on Thursday, reaching C$4.67. 27,303 shares of the stock were exchanged, compared to its average volume of 9,221. The firm has a market capitalization of C$113.46 million, a PE ratio of -4.36 and a beta of -0.20. Enablence Technologies Inc. has a 1-year low of C$1.20 and a 1-year high of C$14.75. The business has a fifty day moving average price of C$6.86 and a 200 day moving average price of C$5.61.

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.