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

EnWave Co. (CVE:ENWGet Free Report)’s stock price dropped 2.3% during trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.22. Approximately 103,500 shares traded hands during mid-day trading, an increase of 151% from the average daily volume of 41,242 shares. The stock had previously closed at C$0.22.

EnWave Price Performance

The business has a 50-day moving average of C$0.24 and a two-hundred day moving average of C$0.23. The company has a current ratio of 2.84, a quick ratio of 1.63 and a debt-to-equity ratio of 19.23. The firm has a market cap of C$23.83 million, a P/E ratio of -10.75 and a beta of 1.31.

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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