Edgewater Wireless Systems (CVE:YFI) Trading 25% Higher – Here’s What Happened

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

Edgewater Wireless Systems Stock Up 25.0%

The stock has a market capitalization of C$11.93 million, a P/E ratio of -5.00 and a beta of -0.41. The stock’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05. 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.