Edgewater Wireless Systems (CVE:YFI) Trading 25% Higher – Time to Buy?

Shares of Edgewater Wireless Systems Inc. (CVE:YFI) shot up 25% on Friday . The stock traded as high as C$0.06 and last traded at C$0.05. 908,930 shares traded hands 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 Price Performance

The firm has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.05. The company has a market capitalization of C$11.93 million, a PE ratio of -5.00 and a beta of -0.41. The company has a debt-to-equity ratio of -18.34, a current ratio of 0.09 and a quick ratio of 0.04.

About Edgewater Wireless Systems

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.