EnWave (OTCMKTS:NWVCF) Shares Up 1.9% – Still a Buy?

EnWave Co. (OTCMKTS:NWVCF)’s stock price shot up 1.9% during trading on Thursday . The company traded as high as $0.26 and last traded at $0.2504. 2,150 shares traded hands during trading, a decline of 80% from the average session volume of 10,986 shares. The stock had previously closed at $0.2458.

EnWave Price Performance

The business’s fifty day moving average is $0.27 and its two-hundred day moving average is $0.28.

EnWave Company Profile

EnWave Corporation is a Canadian technology company specializing in the development and licensing of industrial-scale dehydration solutions for the food, pharmaceutical and agricultural sectors. At the heart of its offering is the patented Radiant Energy Vacuum (REV®) technology, which combines vacuum, microwave energy and conductive heat to rapidly remove moisture while preserving nutritional quality, color and flavor. EnWave’s platform is designed to provide food producers and ingredient manufacturers with scalable, energy-efficient alternatives to traditional freeze-drying, air drying and other dehydration methods.

EnWave generates revenue primarily through equipment sales, licensing fees and ongoing royalty streams from licensees that operate its REV® machines.