Edgewater Wireless Systems (CVE:YFI) Trading 25% Higher – Time to Buy?

Shares of Edgewater Wireless Systems Inc. (CVE:YFI) were up 25% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.05. Approximately 908,930 shares traded hands during mid-day trading, an increase of 229% from the average daily volume of 276,126 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Price Performance

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

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.