Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) shot up 8.4% during trading on Wednesday . The stock traded as high as C$7.64 and last traded at C$7.64. 92,003 shares were traded during trading, a decline of 32% from the average session volume of 135,891 shares. The stock had previously closed at C$7.05.
POET Technologies Stock Up 13.8%
The firm's 50-day moving average is C$6.26 and its 200 day moving average is C$6.37. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.20 and a quick ratio of 5.08. The stock has a market cap of C$468.86 million, a price-to-earnings ratio of -9.90 and a beta of 0.48.
About POET Technologies
(
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POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.
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