Acceleware (CVE:AXE) Trading 18.8% Higher – Here’s Why

Acceleware Ltd. (CVE:AXEGet 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

(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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