Edgewater Wireless Systems (CVE:YFI) Shares Up 25% – What’s Next?

Edgewater Wireless Systems Inc. (CVE:YFI)’s stock price shot up 25% on Thursday . The company traded as high as C$0.06 and last traded at C$0.05. 857,930 shares changed hands during mid-day trading, an increase of 248% from the average session volume of 246,726 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Trading Up 25.0%

The company’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.05. The firm has a market cap of C$11.93 million, a price-to-earnings ratio of -5.00 and a beta of -0.41. The company has a debt-to-equity ratio of -18.34, a quick ratio of 0.04 and a current ratio of 0.09.

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.