Route1 (CVE:ROI) Trading 57.1% Higher – Here’s What Happened

Route1 Inc. (CVE:ROIGet Free Report)’s stock price shot up 57.1% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 308,000 shares changed hands during trading, an increase of 292% from the average session volume of 78,552 shares. The stock had previously closed at C$0.04.

Route1 Stock Performance

The stock has a market cap of C$1.70 million, a price-to-earnings ratio of -1.75 and a beta of -0.16. The company has a current ratio of 0.31, a quick ratio of 0.44 and a debt-to-equity ratio of 8,864.92. The stock’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.03.

Route1 Company Profile

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Route1 Inc provides engineering and professional services using data capture technologies in the United States, Canada, and internationally. The company offers MobiKEY, a desktop secure remote access solution; DerivID, a credentials solution for PIV and CAC that validates the identity of mobile users; MobiNET aggregation gateway appliance; and DEFIMNET, a service delivery platform; and PocketValue P-3X, a secure storage token.

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