EnWave (CVE:ENW) Shares Down 20% – Here’s What Happened

EnWave Co. (CVE:ENW)’s share price fell 20% on Monday . The company traded as low as C$0.24 and last traded at C$0.24. 199,305 shares traded hands during trading, an increase of 142% from the average session volume of 82,354 shares. The stock had previously closed at C$0.30.

EnWave Stock Down 20.0 %

The company has a quick ratio of 1.63, a current ratio of 3.64 and a debt-to-equity ratio of 16.71. The stock has a market capitalization of C$26.66 million, a P/E ratio of -11.09 and a beta of 1.31. The company has a fifty day moving average price of C$0.23 and a 200-day moving average price of C$0.23.

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.