EnWave (CVE:ENW) Shares Down 2.3% – Here’s What Happened

EnWave Co. (CVE:ENW) shares dropped 2.3% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 31,800 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 45,929 shares. The stock had previously closed at C$0.22.

EnWave Stock Down 2.3 %

The company has a quick ratio of 1.63, a current ratio of 2.84 and a debt-to-equity ratio of 19.23. The company has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.23. The company has a market capitalization of C$23.27 million, a P/E ratio of -10.50 and a beta of 1.31.

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.