Acceleware Ltd. (CVE:AXE – Get Free Report)’s stock price fell 11.8% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.08. 151,151 shares were traded during trading, an increase of 486% from the average session volume of 25,789 shares. The stock had previously closed at C$0.09.
Acceleware Price Performance
The firm has a market cap of C$10.73 million, a price-to-earnings ratio of -3.75 and a beta of 1.65. 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 moving average of C$0.09 and a 200-day moving average of C$0.09.
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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