Uniserve Communications (CVE:USS) Stock Price Up 14.3% – Here’s What Happened

Uniserve Communications Co. (CVE:USS)’s stock price shot up 14.3% during mid-day trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. 11,376 shares were traded during trading, an increase of 55% from the average session volume of 7,348 shares. The stock had previously closed at C$0.21.

Uniserve Communications Stock Up 14.3 %

The company has a 50 day moving average of C$0.16 and a 200-day moving average of C$0.08. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.13 and a quick ratio of 1.07. The company has a market cap of C$19.32 million, a P/E ratio of 2.00 and a beta of 2.14.

Insider Activity

In related news, insider Michael Curt Scholz acquired 1,726,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of C$0.08 per share, for a total transaction of C$129,450.00. Corporate insiders own 62.04% of the company’s stock.

About Uniserve Communications

Uniserve Communications Corporation provides Internet access, telecommunications, and commercial IT consulting services to residential, business, and enterprise customers primarily in British Columbia and Alberta. The company offers fiber, internet, and digital telephone plans. It also provides office in a box solution that provides hardware for computers and laptops, phones, various networking equipment, and productivity software; managed services, including managed IT, network, security, back up, and storage, as well as hardware as a service; and colocation, cyber security, and cloud services.