Another PinnacleDigest post on YFI.vEdgewater Wireless Systems (YFI:TSXV) exploded 38% Wednesday, topping all stocks in April's Stock Challenge to capture the Daily Stock Challenge Breakout award.
Edgewater Wireless surges higher in April's Stock Challenge after rising 1,000% in March
Edgewater Wireless rallied to its 52-week high of $0.265 per share on March 17th, proving for some that fortunes can still be made on the TSX Venture, as it gained more than 1,000% in value from its low to the high in March.
This junior tech stock has proven to be exceptionally volatile as investors attempt to value the company and its many patents surrounding its core multi-channel WiFi3 technology.
Edgewater Wireless reverses course in April
After an incredible breakout in March, which resulted in Edgewater Wireless being heavily talked about at Pinnacle, the tech stock began to give up some gains towards the end of the month and into early April.
Its fortunes looked to be changing as its stock began to sell off and it had traded down to a low of $0.16 per share on April 1st.
Now, in a show of incredible strength Edgewater has broken out to within a penny and a half of its 52-week high hit in mid-March.
Edgewater closed at $0.25 Wednesday, after touching an intra-day high of $0.255 per share on more than 5.4 million shares traded.
My first article on the company is from March 11th, when it traded between a low of $0.095 and a high of $0.15.
Below is a short excerpt from that article titled Edgewater Wireless' wifi3 hype builds.
“Things began heating up for Edgewater Wireless Systems after it announced responding to demand from a Fortune 500 Company for its patented technology.
The Ottawa-based company reported in its March 5th press release that,
"Using a patented approach to mitigate Adjacent Channel Interference (ACI) and Co-Channel Interference (CCI), WiFi3 powered solutions deliver the highest channel density on the market today while offering advanced carrier-class capabilities including integrated, real-time spectral monitoring. Known as Spectral Surveillance Architecture (SSA), Edgewater's WiFi3 feature-set dramatically reduces operating expenses (OPEX) for carriers and large enterprises alike."
Special Note: I reached out to Edgewater Wireless' President and CEO to conduct a special podcast yesterday, April 7th. In this exclusive interview we discuss how Edgewater's WiFi3 technology is poised to redefine today's standard and conventional Wi-Fi technology solutions.
It will be released and published on Pinnacle Digest for the enjoyment of our members within the next week.
https://www.pinnacledigest.com/blog/alexander-smith/edgewater-wireless-systems-takes-charge-april-stock-challenge