Edgewater Wireless Systems (CVE:YFI) Shares Up 37.5% – Still a Buy?

Edgewater Wireless Systems Inc. (CVE:YFI) rose 37.5% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 741,930 shares changed hands during trading, an increase of 205% from the average daily volume of 243,126 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Stock Up 25.0%

The stock’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The company has a current ratio of 0.09, a quick ratio of 0.04 and a debt-to-equity ratio of -18.34. The stock has a market capitalization of C$11.93 million, a P/E ratio of -5.00 and a beta of -0.41.

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.