EnWave (CVE:ENW) Stock Falls 4.5% – Here’s What Happened

by · The Markets Daily

EnWave Co. (CVE:ENW – Get Free Report) fell 4.5% during mid-day trading on Monday. The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 40,910 shares traded hands during trading, a decline of 16% from the average session volume of 48,643 shares. The stock had previously closed at C$0.22.

EnWave Stock Down 4.5%

The company has a current ratio of 2.51, a quick ratio of 1.63 and a debt-to-equity ratio of 47.17. The stock’s 50-day moving average price is C$0.23 and its 200-day moving average price is C$0.25. The company has a market cap of C$24.93 million, a P/E ratio of -21.00 and a beta of 2.02.

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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