Uniti Wireless Ltd (ASX:UWL) shares shot up 4% during mid-day trading on Tuesday . The stock traded as high as A$1.47 ($1.04) and last traded at A$1.45 ($1.02), 339,503 shares changed hands during mid-day trading. The stock had previously closed at A$1.39 ($0.99).

The business’s 50 day moving average price is A$1.45. The company has a market cap of $202.98 million and a P/E ratio of -6.36.

In related news, insider Vaughan Bowen bought 1,307,611 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of A$1.19 ($0.84) per share, for a total transaction of A$1,553,441.87 ($1,101,731.82).

Uniti Wireless Company Profile (ASX:UWL)

Uniti Wireless Limited, an Internet service provider and licensed telecommunications carrier, delivers fixed wireless broadband services in Australia. It delivers fixed-line and fixed-wireless broadband Internet and other telecommunications services to residential, business, government, and enterprise customers.

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