EnWave (CVE:ENW) Stock Price Up 4.2% – Should You Buy?

EnWave Co. (CVE:ENW)’s share price shot up 4.2% during trading on Monday . The company traded as high as C$0.25 and last traded at C$0.25. 17,000 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 70,308 shares. The stock had previously closed at C$0.24.

EnWave Price Performance

The firm has a market capitalization of C$27.22 million, a P/E ratio of -11.32 and a beta of 1.31. The business has a 50-day moving average of C$0.24 and a 200 day moving average of C$0.23. The company has a current ratio of 3.64, a quick ratio of 1.63 and a debt-to-equity ratio of 16.71.

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.