Enablence Technologies (CVE:ENA) Shares Up 25% – Time to Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report) shares traded up 25% during trading on Tuesday . The stock traded as high as C$1.50 and last traded at C$1.50. 1,500 shares changed hands during trading, a decline of 62% from the average session volume of 3,984 shares. The stock had previously closed at C$1.20.

Enablence Technologies Stock Performance

The stock has a market capitalization of C$27.89 million, a price-to-earnings ratio of -1.79 and a beta of 0.49. The company has a fifty day simple moving average of C$1.19 and a 200 day simple moving average of C$1.45.

Enablence Technologies (CVE:ENAGet Free Report) last announced its earnings results on Monday, October 28th. The company reported C($0.35) EPS for the quarter. The business had revenue of C$0.85 million during the quarter.

Enablence Technologies Company Profile

(Get Free Report)

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.

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