Edgewater Wireless Systems (CVE:YFI) Shares Down 25% – Here’s What Happened

Edgewater Wireless Systems Inc. (CVE:YFI)’s share price fell 25% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 305,422 shares were traded during trading, an increase of 101% from the average session volume of 152,237 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Trading Down 25.0%

The firm has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The firm has a market capitalization of C$7.17 million, a P/E ratio of -3.33 and a beta of -0.94. The company has a current ratio of 0.32, a quick ratio of 0.04 and a debt-to-equity ratio of -36.64.

About Edgewater Wireless Systems

Edgewater Wireless Systems Inc develops and commercializes technologies and intellectual property for the wireless communications market in North America. The company provides IP Licensing, Wi-Fi spectrum slicing solutions, dual channel Wi-Fi; wireless access points and associated peripheral equipment and support services; and PowerZoning, a channel power control product for multi-channel single radio Wi-Fi networks. It also offers spectral surveillance architecture. The company was formerly known as KIK Polymers Inc and changed its name to Edgewater Wireless Systems Inc in January 2012.