POET Technologies Inc. (CVE:PTK - Get Free Report)'s share price rose 14.7% during mid-day trading on Wednesday . The company traded as high as C$6.79 and last traded at C$6.77. Approximately 229,315 shares traded hands during trading, an increase of 84% from the average daily volume of 124,431 shares. The stock had previously closed at C$5.90.
POET Technologies Trading Up 6.6%
The company has a market cap of C$366.87 million, a P/E ratio of -7.74 and a beta of 0.48. The company has a current ratio of 2.20, a quick ratio of 5.08 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of C$5.91 and a 200-day moving average price of C$6.32.
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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