Route1 (CVE:ROI) Trading 18.2% Higher – Still a Buy?

Route1 Inc. (CVE:ROI) shares shot up 18.2% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 147,400 shares changed hands during mid-day trading, an increase of 255% from the average session volume of 41,472 shares. The stock had previously closed at C$0.06.

Route1 Stock Performance

The business’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.03. The company has a quick ratio of 0.44, a current ratio of 0.31 and a debt-to-equity ratio of 8,864.92. The firm has a market cap of C$2.76 million, a price-to-earnings ratio of -3.25 and a beta of -0.16.

Route1 Company Profile

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.