Uniserve Communications (CVE:USS) Trading 14.3% Higher – Here’s What Happened

Uniserve Communications Co. (CVE:USS) shot up 14.3% during trading on Thursday . The company traded as high as C$0.24 and last traded at C$0.24. 11,376 shares were traded during mid-day 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 Price Performance

The company has a market cap of C$19.32 million, a PE ratio of 2.00 and a beta of 2.14. The company has a debt-to-equity ratio of 81.21, a quick ratio of 1.07 and a current ratio of 1.13. The company’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.08.

Insider Buying and Selling at Uniserve Communications

In related news, insider Michael Curt Scholz purchased 1,726,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average price of C$0.08 per share, with a total value of C$129,450.00. 62.04% of the stock is currently owned by insiders.

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.