Edgewater Wireless Systems (CVE:YFI) Shares Up 37.5% – Should You Buy?

Shares of Edgewater Wireless Systems Inc. (CVE:YFI) shot up 37.5% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 759,930 shares traded hands during trading, an increase of 213% from the average session volume of 243,126 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Stock Up 37.5%

The business’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a market cap of C$13.12 million, a PE ratio of -5.50 and a beta of -0.41. The company has a debt-to-equity ratio of -18.34, a current ratio of 0.09 and a quick ratio of 0.04.

Edgewater Wireless Systems Company Profile

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.