Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price shot up 18.8% during mid-day trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. 122,359 shares changed hands during trading, an increase of 283% from the average session volume of 31,970 shares. The stock had previously closed at C$0.08.
Acceleware Stock Up 12.5%
The business’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The company has a market capitalization of C$11.74 million, a PE ratio of 9.00 and a beta of -0.57. The company has a current ratio of 0.18, a quick ratio of 0.53 and a debt-to-equity ratio of -39.87.
Acceleware Company Profile
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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