Acceleware (CVE:AXE) Stock Price Up 18.8% – Should You Buy?

Acceleware Ltd. (CVE:AXEGet Free Report) shares rose 18.8% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 122,359 shares were traded during trading, an increase of 290% from the average daily volume of 31,354 shares. The stock had previously closed at C$0.08.

Acceleware Stock Performance

The company has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. The company has a quick ratio of 0.53, a current ratio of 0.18 and a debt-to-equity ratio of -39.87. The firm has a market cap of C$12.39 million, a PE ratio of 9.50 and a beta of -0.57.

About Acceleware

(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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