Enablence Technologies (CVE:ENA) Sets New 12-Month High – Here’s What Happened

Enablence Technologies Inc. (CVE:ENA)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.90 and last traded at C$2.90, with a volume of 500 shares. The stock had previously closed at C$2.25.

Enablence Technologies Stock Up 28.9%

The stock has a market cap of C$60.78 million, a price-to-earnings ratio of -2.44 and a beta of 0.62. The company’s 50-day moving average is C$2.44 and its 200-day moving average is C$1.93.

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. 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.