Edgewater Wireless (YFI:TSXV) is the latest and greatest innovative tech stock to overwhelm investors and traders on the TSX Venture.
The junior tech stock is rapidly becoming the hottest Venture stock in the month of March as it has now risen over 1,000% in value from its low in early March to its high this morning.
The tech sector is beginning to provide gains investors used to remember attaining, (or at least witnessing) in the mining or oil and gas sector.
Edgewater Wireless’ WiFi3 takes TSX Venture by storm
Edgewater Wireless truly showed up on the scene on March 5th when it jumped 283% on 6.6 million shares traded.
Liquidity has now found the tech company, which boasts the ability to answer the call to provide cost effective, reliable and high-density WiFi to the growing wireless communications industry.
As wireless providers become overwhelmed with usage, Edgewater believes its WiFi3, when integrated with high-density, high-capacity WiFi routers and solutions, will meet the accelerating demand for cost effective, reliable and robust data networking and high-capacity throughput.
Edgewater Wireless goes as far on its website to state that:
“We deliver the highest channel density available on the market today.”
Edgewater Wireless WiFi3 powered solutions let service providers deliver reliable, high-capacity indoor/outdoor WiFi services for high-density data demand and user environments.
Edgewater Wireless responds to demand from Fortune 500 Company
On March 5th when Edgewater jumped 283% on 6.6 million shares traded, the company announced a response to demand from a Fortune 500 Company for its patented technology. Below is a short excerpt.
“The Company is pleased to announce the launch a WiFi3 Development Kit to enable other equipment manufactures (OEM) to develop and license Edgewater’s patented multi-channel Wi-Fi technology.”
Click here to read the press release that was the spark which set Edgewater Wireless’ market on fire.
Since then, Edgewater has traded more than 60 million shares, between March 7th and March 16th, in just 8 trading days. This is more than half the company’s total float of outstanding shares!
Edgewater’s rally during this period has been something special. Its stock, which hit a new 52-week high of $0.265 this morning, is up over 1000% from its $0.025 low hit on March 2nd.
Edgewater Wireless – 1 Month Chart
Edgewater was by far the most liquid stock on the TSX Venture Tuesday morning as better than 4 million shares had traded hands by 7:16 AM EST.
Retail investors have been all over this deal as 384 individual trades had occurred by 7:16 AM EST, Tuesday morning.
On March 11th, we published an article titled Edgewater Wireless’ wifi3 hype builds, which outlined a few key aspects of Edgewater’s strategic partnership with G2 Industries. It was announced in that press release that G2 Industries is preparing to roll-out WiFi3 powered networks in the Caribbean, Latin American and EMEA (Europe, Middle East, Africa) regions. Below is a short excerpt.
“Edgewater Wireless Systems’ press release this morning sent its market ablaze after the company announced the formation of a strategic partnership with G2 Industries, a diversified finance and integration company headquartered in Miami, Florida (USA).”
Below is a short excerpt from that press release.
“The partnership will enable G2 Industries to offer WiFi3 powered solutions for high-density, high-performance wireless applications for telecommunications companies and public authorities. G2 Industries, through a subsidiary, also plans to directly offer wireless internet services as a licensed Wireless Internet Service Provider (WISP) in select markets.”
Click here to read the entire news release from March 11th.
We concluded March 11th’s article with this statement:
“Edgewater Wireless is now in the mix and among the leaders of a new wave of innovative junior tech stocks on the TSX Venture.”
This statement could not be more accurate as retail investors bid up Edgewater Wireless to new multi-year highs Tuesday morning.
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