Insider Buying: Enablence Technologies (CVE:ENA) Insider Acquires C$1,500,000.00 in Stock

Enablence Technologies Inc. (CVE:ENA) insider Collingwood Investments Incorporated purchased 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were purchased 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 transaction, the insider directly owned 3,526,000 shares of the company’s stock, valued at C$17,630,000. This represents a 9.30% increase in their ownership of the stock.

Enablence Technologies Stock Performance

Enablence Technologies stock opened at C$5.28 on Friday. Enablence Technologies Inc. has a fifty-two week low of C$1.20 and a fifty-two week high of C$14.75. The firm’s 50-day simple moving average is C$6.81 and its 200 day simple moving average is C$5.64. The stock has a market cap of C$128.28 million, a PE ratio of -4.93 and a beta of -0.20.

About Enablence Technologies

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.