Lite Access Technologies (CVE:LTE) Trading 20% Higher

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Lite Access Technologies Inc. (CVE:LTEGet Rating) shares traded up 20% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 180,175 shares changed hands during trading, an increase of 78% from the average session volume of 101,456 shares. The stock had previously closed at C$0.05.

The stock’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.11. The stock has a market cap of C$4.36 million and a price-to-earnings ratio of -1.76. The company has a current ratio of 1.05, a quick ratio of 0.89 and a debt-to-equity ratio of 73.23.

Lite Access Technologies Company Profile (CVE:LTE)

Lite Access Technologies Inc manufactures, distributes, sells, and installs fiber optic technology specializing in micro-duct and air-blown fiber in Canada, the United States, and internationally. It operates through three segments: Product, Fibre Optic Installation, and Concrete Cutting. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services for use in various communication networks.

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