Edgewater Wireless Systems (CVE:YFI) Trading 21.4% Higher – Here’s Why

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report)’s share price shot up 21.4% during mid-day trading on Monday . The company traded as high as C$0.10 and last traded at C$0.09. 304,485 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 209,884 shares. The stock had previously closed at C$0.07.

Edgewater Wireless Systems Stock Performance

The company has a market capitalization of C$14.80 million, a PE ratio of -4.00 and a beta of 2.05. The company’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.05.

About Edgewater Wireless Systems

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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.

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