Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price rose 20% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 170,198 shares traded hands during mid-day trading, an increase of 480% from the average daily volume of 29,352 shares. The stock had previously closed at C$0.10.
Acceleware Stock Performance
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 stock has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.09. The stock has a market cap of C$17.18 million, a P/E ratio of -4.00 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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