EnWave (CVE:ENW) Stock Price Down 3% – Here’s What Happened

Shares of EnWave Co. (CVE:ENW) traded down 3% during trading on Monday . The stock traded as low as C$0.32 and last traded at C$0.32. 5,775 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 50,147 shares. The stock had previously closed at C$0.33.

EnWave Trading Down 3.0%

The company has a debt-to-equity ratio of 16.71, a current ratio of 3.64 and a quick ratio of 1.63. The business’s 50-day moving average is C$0.36 and its 200 day moving average is C$0.37. The firm has a market capitalization of C$37.99 million, a P/E ratio of -40.50 and a beta of 1.10.

EnWave Company Profile

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.