Uniserve Communications (CVE:USS) Trading 12% Higher – Still a Buy?

Uniserve Communications Co. (CVE:USS) shot up 12% during mid-day trading on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.28. 10,500 shares were traded during mid-day trading, a decline of 59% from the average session volume of 25,520 shares. The stock had previously closed at C$0.25.

Uniserve Communications Stock Performance

The stock has a market capitalization of C$22.55 million, a PE ratio of 2.00 and a beta of 2.14. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 81.21. The stock has a fifty day moving average of C$0.21 and a 200-day moving average of C$0.11.

Insider Activity

In other Uniserve Communications news, insider Michael Curt Scholz purchased 1,726,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of C$0.08 per share, with a total value of C$129,450.00. In the last quarter, insiders purchased 1,782,000 shares of company stock worth $140,510. 62.04% of the stock is currently owned by company 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.