EnWave (CVE:ENW) Trading Up 8% – Here’s Why

by · The Cerbat Gem

EnWave Co. (CVE:ENW – Get Free Report) shares rose 8% during trading on Friday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 10,000 shares changed hands during trading, a decline of 76% from the average daily volume of 41,485 shares. The stock had previously closed at C$0.25.

EnWave Price Performance

The stock has a market cap of C$29.92 million, a P/E ratio of -13.50 and a beta of 1.31. The business has a 50-day simple moving average of C$0.23 and a 200 day simple moving average of C$0.24. The company has a current ratio of 2.84, a quick ratio of 1.63 and a debt-to-equity ratio of 19.23.

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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