Enablence Technologies (CVE:ENA) Hits New 12-Month High – Here’s Why

Enablence Technologies Inc. (CVE:ENAGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.00 and last traded at C$2.00, with a volume of 20804 shares. The stock had previously closed at C$1.65.

Enablence Technologies Price Performance

The company’s 50-day simple moving average is C$1.35 and its 200-day simple moving average is C$1.41. The company has a market cap of C$37.18 million, a price-to-earnings ratio of -2.38 and a beta of 0.49.

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

About Enablence Technologies

(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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