Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price traded up 20% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 170,198 shares traded hands during trading, an increase of 480% from the average session volume of 29,352 shares. The stock had previously closed at C$0.10.
Acceleware Price Performance
The business has a fifty day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The company has a debt-to-equity ratio of -55.50, a current ratio of 0.01 and a quick ratio of 0.53. The firm has a market capitalization of C$18.61 million, a price-to-earnings ratio of -4.33 and a beta of 1.65.
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.
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