Siyata Mobile Inc (CVE:SIM) shot up 11.5% on Friday . The stock traded as high as C$0.59 and last traded at C$0.58. 1,310,007 shares changed hands during mid-day trading, an increase of 270% from the average session volume of 354,287 shares. The stock had previously closed at C$0.52.

Separately, Fundamental Research began coverage on Siyata Mobile in a research note on Friday, January 18th. They issued a “top pick” rating and a C$1.27 price objective on the stock.

The company has a market cap of $59.12 million and a price-to-earnings ratio of -7.13. The company has a debt-to-equity ratio of 30.05, a current ratio of 2.77 and a quick ratio of 1.02.

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About Siyata Mobile (CVE:SIM)

Siyata Mobile Inc develops and provides cellular communications systems for enterprise customers. It offers vehicle mounted cellular based communications platforms over advanced 3G mobile networks under the Uniden Cellular brand. The company's products include Uniden UCP100, a communications device for commercial vehicles, trucks, and fleets that allows drivers to talk and drive with a clearer signal; Uniden UCP200, a connected vehicle smartphone that provides in-vehicle voice calls and various Android-based automotive applications and multi-media contents; and BAGFONE, a cellular mobile device packaged in a rugged case allowing better communication in remote locations.

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