EnWave (CVE:ENW) Trading Up 2.2% – Here’s Why
by Sarita Garza · The Markets DailyEnWave Co. (CVE:ENW – Get Free Report)’s share price shot up 2.2% on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.23. Approximately 48,510 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 51,002 shares. The stock had previously closed at C$0.23.
EnWave Stock Performance
The firm’s 50-day simple moving average is C$0.25 and its 200-day simple moving average is C$0.31. The company has a quick ratio of 1.63, a current ratio of 3.02 and a debt-to-equity ratio of 39.43. The firm has a market capitalization of C$27.30 million, a PE ratio of -11.50 and a beta of 1.77.
About EnWave
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.