Enablence Technologies (CVE:ENA) Shares Up 6.5% – Still a Buy?

Shares of Enablence Technologies Inc. (CVE:ENA) were up 6.5% during trading on Thursday . The stock traded as high as C$2.45 and last traded at C$2.45. Approximately 2,508 shares traded hands during trading, a decline of 26% from the average daily volume of 3,379 shares. The stock had previously closed at C$2.30.

Enablence Technologies Price Performance

The company has a market cap of C$51.35 million, a P/E ratio of -2.36 and a beta of 2.88. The company’s 50-day moving average is C$1.86 and its two-hundred day moving average is C$1.52.

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.