EnWave (CVE:ENW) Shares Down 6% – Should You Sell?

EnWave Co. (CVE:ENW) shares dropped 6% during mid-day trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.24. Approximately 54,612 shares changed 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’s fifty day moving average is C$0.27 and its 200 day moving average is C$0.33. The company has a quick ratio of 1.63, a current ratio of 3.48 and a debt-to-equity ratio of 46.59. The stock has a market cap of C$26.71 million, a PE ratio of -22.50 and a beta of 1.57.

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.