Edgewater Wireless Systems (CVE:YFI) Shares Down 13.3% – Here’s What Happened

Edgewater Wireless Systems Inc. (CVE:YFI) shares traded down 13.3% on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 302,746 shares were traded during trading, an increase of 94% from the average session volume of 156,164 shares. The stock had previously closed at C$0.08.

Edgewater Wireless Systems Stock Performance

The stock has a market cap of C$16.52 million, a P/E ratio of -88.79 and a beta of 2.05. The firm’s 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.05. The company has a quick ratio of 0.04, a current ratio of 0.09 and a debt-to-equity ratio of -18.34.

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.