Edgewater Wireless Systems (CVE:YFI) Trading Down 13.3% – Here’s Why

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report) shares traded down 13.3% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 302,746 shares were traded during mid-day 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 Trading Up 15.4 %

The company has a 50-day simple moving average of C$0.07 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of -18.34, a quick ratio of 0.04 and a current ratio of 0.09. The stock has a market cap of C$19.06 million, a P/E ratio of -102.45 and a beta of 2.05.

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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