Uniserve Communications (CVE:USS) Reaches New 1-Year High – Still a Buy?

Uniserve Communications Co. (CVE:USS) hit a new 52-week high on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29, with a volume of 19469 shares changing hands. The stock had previously closed at C$0.24.

Uniserve Communications Trading Down 20.7 %

The business’s 50 day simple moving average is C$0.19 and its 200-day simple moving average is C$0.09. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.13 and a quick ratio of 1.07. The stock has a market capitalization of C$18.52 million, a P/E ratio of 2.00 and a beta of 2.14.

Insider Activity

In other news, insider Michael Curt Scholz purchased 1,726,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of C$0.08 per share, for a total transaction of C$129,450.00. 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.