Acceleware (CVE:AXE) Sets New 12-Month Low – What’s Next?

Acceleware Ltd. (CVE:AXE) reached a new 52-week low during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.08, with a volume of 153151 shares trading hands. The stock had previously closed at C$0.08.

Acceleware Price Performance

The stock has a market cap of C$10.73 million, a P/E ratio of -3.75 and a beta of 1.65. The company has a 50 day simple moving average of C$0.09 and a 200 day simple moving average of C$0.09. The company has a current ratio of 0.01, a quick ratio of 0.53 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.