EnWave (CVE:ENW) Trading Down 2.3% – Here’s Why

EnWave Co. (CVE:ENWGet Free Report)’s stock price traded down 2.3% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. 31,800 shares changed hands during trading, a decline of 31% from the average session volume of 45,929 shares. The stock had previously closed at C$0.22.

EnWave Price Performance

The firm has a market cap of C$23.83 million, a price-to-earnings ratio of -10.75 and a beta of 1.31. The business has a fifty day simple moving average of C$0.22 and a 200 day simple moving average of C$0.23. The company has a debt-to-equity ratio of 19.23, a current ratio of 2.84 and a quick ratio of 1.63.

About EnWave

(Get Free Report)

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.

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