EnWave (CVE:ENW) Shares Down 2.2% – Time to Sell?

by · The Markets Daily

EnWave Co. (CVE:ENW – Get Free Report)’s stock price dropped 2.2% during mid-day trading on Monday . The company traded as low as C$0.22 and last traded at C$0.22. 1,002 shares changed hands during trading, a decline of 98% from the average session volume of 49,865 shares. The stock had previously closed at C$0.23.

EnWave Stock Performance

The company has a quick ratio of 1.63, a current ratio of 2.51 and a debt-to-equity ratio of 47.17. The stock has a market cap of C$26.12 million, a P/E ratio of -22.00 and a beta of 1.68. The firm’s 50-day moving average is C$0.24 and its two-hundred day moving average is C$0.25.

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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