Edgewater Wireless Systems (CVE:YFI) Shares Up 25% – Still a Buy?

Edgewater Wireless Systems Inc. (CVE:YFI)’s share price shot up 25% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.05. 908,930 shares were traded during mid-day trading, an increase of 229% from the average session volume of 276,526 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Stock Performance

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 company’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 market cap of C$11.93 million, a P/E ratio of -5.00 and a beta of -0.41.

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.