Edgewater Wireless Systems (CVE:YFI) Shares Up 30.8% – Here’s What Happened

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report)’s share price rose 30.8% during mid-day trading on Thursday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 625,875 shares changed hands during mid-day trading, an increase of 411% from the average daily volume of 122,541 shares. The stock had previously closed at C$0.07.

Edgewater Wireless Systems Price Performance

The firm has a market capitalization of C$16.77 million, a price-to-earnings ratio of -4.00 and a beta of 2.05. The stock has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.04.

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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