Carmanah Technologies Corp (TSE:CMH) Director John Charles Simmons purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average price of C$1.45 per share, with a total value of C$145,000.00.

Shares of Carmanah Technologies Corp (TSE CMH) remained flat at $4.70 during mid-day trading on Wednesday. The company had a trading volume of 59,653 shares. The company’s 50 day moving average is $4.41 and its 200-day moving average is $4.18. Carmanah Technologies Corp has a 12 month low of $3.51 and a 12 month high of $4.95. The firm has a market capitalization of $115.78 million and a PE ratio of 35.61.

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Separately, Canaccord Genuity downgraded shares of Carmanah Technologies Corp from a “buy” rating to a “hold” rating in a report on Friday, August 25th.

About Carmanah Technologies Corp

Carmanah Technologies Corp is a Canada-based company engaged in the business of developing and distributing renewable technologies, including solar-power light emitting diode (LED) lighting, and solar powered systems and equipment. The Company’s segments are Signals, Illumination and Power. The Signals segment offers products for traffic, marine, airfield ground lighting, aviation/obstruction and offshore verticals.

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