Acceleware (CVE:AXE) Trading Down 15.8% – Here’s Why

Acceleware Ltd. (CVE:AXE)’s share price was down 15.8% on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 122,000 shares were traded during mid-day trading, an increase of 273% from the average daily volume of 32,732 shares. The stock had previously closed at C$0.10.

Acceleware Price Performance

The company has a current ratio of 0.18, a quick ratio of 0.53 and a debt-to-equity ratio of -39.87. The company has a market cap of C$9.49 million, a PE ratio of 8.00 and a beta of -0.38. The firm has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.10.

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.