POET Technologies Inc. (CVE:PTK – Get Free Report) shares traded up 25.7% on Friday . The company traded as high as C$10.53 and last traded at C$10.36. 188,559 shares were traded during trading, an increase of 33% from the average session volume of 141,772 shares. The stock had previously closed at C$8.24.
Analyst Upgrades and Downgrades
Separately, Northland Capmk raised POET Technologies to a “strong-buy” rating in a research note on Monday, November 18th.
Read Our Latest Analysis on PTK
POET Technologies Trading Up 21.4 %
Insiders Place Their Bets
In other POET Technologies news, Director James Lee sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00. 0.82% of the stock is owned by corporate 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.
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