EnWave (CVE:ENW) Trading Down 6% – Time to Sell?

Shares of EnWave Co. (CVE:ENWGet Free Report) dropped 6% during mid-day trading on Wednesday . The company traded as low as C$0.23 and last traded at C$0.24. Approximately 54,612 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 48,318 shares. The stock had previously closed at C$0.25.

EnWave Price Performance

The company has a market cap of C$27.90 million, a PE ratio of -23.50 and a beta of 1.57. The company has a debt-to-equity ratio of 46.59, a quick ratio of 1.63 and a current ratio of 3.48. The stock has a 50 day moving average of C$0.27 and a 200-day moving average of C$0.33.

EnWave Company Profile

(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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