EnWave (CVE:ENW) Stock Price Down 2.3%

Shares of EnWave Co. (CVE:ENW) dropped 2.3% during mid-day trading on Friday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 23,940 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 43,274 shares. The stock had previously closed at C$0.22.

EnWave Stock Down 2.3 %

The stock’s 50-day simple moving average is C$0.23 and its 200-day simple moving average is C$0.25. The firm has a market capitalization of C$23.83 million, a P/E ratio of -10.75 and a beta of 1.31. The company has a current ratio of 2.84, a quick ratio of 1.63 and a debt-to-equity ratio of 19.23.

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.