Acceleware (CVE:AXE) Shares Down 11.8% – Time to Sell?

Acceleware Ltd. (CVE:AXE) shares traded down 11.8% on Thursday . The company traded as low as C$0.06 and last traded at C$0.08. 151,151 shares were traded during mid-day trading, an increase of 486% from the average session volume of 25,789 shares. The stock had previously closed at C$0.09.

Acceleware Trading Down 11.8%

The company has a market cap of C$10.73 million, a P/E ratio of -3.75 and a beta of 0.67. The business has a fifty day moving average price of C$0.09 and a 200-day moving average price of C$0.09. The company has a quick ratio of 0.53, a current ratio of 0.01 and a debt-to-equity ratio of -55.50.

About Acceleware

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. The company's solutions include AxFDTD; AxHeat RF heating simulation software; AxRTM, a graphics processing unit accelerated Kirchhoff time migration solution; AxWAVE, a solution that allows customers to model seismic acquisition and perform data characterization; AxFWI, a revolutionary modular full waveform inversion application for providing subsurface velocity models.