CounterPath (TSE:PATH) Trading 24.5% Higher

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Shares of CounterPath, Corp. (TSE:PATH) (NASDAQ:CPAH) traded up 24.5% on Thursday . The stock traded as high as C$4.42 and last traded at C$3.41, 107,133 shares traded hands during mid-day trading. An increase of 314% from the average session volume of 25,863 shares. The stock had previously closed at C$2.74.

The firm has a 50 day simple moving average of C$2.63 and a two-hundred day simple moving average of C$1.97. The company has a market capitalization of $17.22 million and a PE ratio of -5.43. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 289.98.

In other CounterPath news, Director Larry Elwood Timlick sold 10,000 shares of CounterPath stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of C$7.18, for a total value of C$71,800.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately C$7,180.

About CounterPath (TSE:PATH)

CounterPath Corporation designs, develops, and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications services over Internet protocol based networks in North America and internationally. Its products include Bria softphone suite, which enables consumers and business users to make voice over Internet protocol (VoIP) audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards-based VoIP softphone application that runs on desktop computers.

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