POET Technologies (CVE:PTK) Shares Up 12.8% - Here's What Happened

POET Technologies Inc. (CVE:PTK - Get Free Report) shares were up 12.8% during trading on Thursday . The stock traded as high as C$6.43 and last traded at C$6.24. Approximately 81,106 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 149,759 shares. The stock had previously closed at C$5.53.

POET Technologies Stock Down 1.0 %

The firm has a 50-day moving average of C$6.41 and a two-hundred day moving average of C$6.23. The firm has a market cap of C$287.65 million, a price-to-earnings ratio of -6.07 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.

Insider Buying and Selling

In related news, Director James Lee sold 5,000 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$9.54, for a total value of C$47,682.00. 0.82% of the stock is currently owned by insiders.

POET Technologies Company Profile

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.