EnWave (CVE:ENW) Stock Price Down 10.4% – What’s Next?

EnWave Co. (CVE:ENW)’s share price traded down 10.4% on Monday . The company traded as low as C$0.22 and last traded at C$0.22. 218,550 shares were traded during mid-day trading, an increase of 145% from the average session volume of 89,071 shares. The stock had previously closed at C$0.24.

EnWave Trading Up 7.0 %

The stock has a market cap of C$25.49 million, a P/E ratio of -11.50 and a beta of 1.31. 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 business’s 50 day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.23.

About EnWave

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.