Acceleware (CVE:AXE) Stock Price Up 18.8% – Here’s What Happened

Shares of Acceleware Ltd. (CVE:AXEGet Free Report) shot up 18.8% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 122,359 shares changed hands during mid-day trading, an increase of 282% from the average session volume of 32,047 shares. The stock had previously closed at C$0.08.

Acceleware Trading Up 12.5%

The firm’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.09. The company has a market cap of C$11.74 million, a PE ratio of 9.00 and a beta of -0.57. The company has a debt-to-equity ratio of -39.87, a current ratio of 0.18 and a quick ratio of 0.53.

Acceleware Company Profile

(Get Free Report)

Acceleware Ltd. operates as an oil and gas technology company in Canada and the United States. The company operates through two segments, RF Heating and High-Performance Computing. It develops an enhanced heavy oil and oil sands production technology based on radio frequency (RF) heating; and develops and markets computational software products for the oil and gas, and other markets.

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