Enablence Technologies (CVE:ENA) Insider Purchases 300,000 Shares of Company Stock

Enablence Technologies Inc. (CVE:ENA) insider Collingwood Investments Incorporated acquired 300,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were bought at an average cost of C$5.00 per share, for a total transaction of C$1,500,000.00. Following the completion of the acquisition, the insider directly owned 3,526,000 shares of the company’s stock, valued at approximately C$17,630,000. This represents a 9.30% increase in their position.

Enablence Technologies Stock Down 15.1%

ENA traded down C$0.83 during trading on Thursday, hitting C$4.67. The company’s stock had a trading volume of 27,303 shares, compared to its average volume of 9,221. Enablence Technologies Inc. has a 12 month low of C$1.20 and a 12 month high of C$14.75. The firm’s 50 day moving average price is C$6.86 and its two-hundred day moving average price is C$5.61. The stock has a market capitalization of C$113.46 million, a price-to-earnings ratio of -4.36 and a beta of -0.20.

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.