Enablence Technologies (CVE:ENA) Trading 12.5% Higher – What’s Next?

Enablence Technologies Inc. (CVE:ENAGet Free Report) was up 12.5% during trading on Tuesday . The stock traded as high as C$1.35 and last traded at C$1.35. Approximately 1,800 shares changed hands during trading, a decline of 58% from the average daily volume of 4,337 shares. The stock had previously closed at C$1.20.

Enablence Technologies Stock Performance

The business has a fifty day moving average of C$1.27 and a two-hundred day moving average of C$1.40. The firm has a market capitalization of C$25.10 million, a price-to-earnings ratio of -1.61 and a beta of 0.49.

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

About Enablence Technologies

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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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