Acceleware (CVE:AXE) Reaches New 1-Year High – Here’s Why

Acceleware Ltd. (CVE:AXE)’s share price reached a new 52-week high during trading on Friday. The company traded as high as C$0.15 and last traded at C$0.09, with a volume of 117,010 shares traded. The stock had previously closed at C$0.10.

Acceleware Trading Down 10.0%

The business has a 50-day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.10. The stock has a market cap of C$12.88 million, a price-to-earnings ratio of -4.50 and a beta of 1.27. The company has a debt-to-equity ratio of -35.40, a current ratio of 0.04 and a quick ratio of 0.53.

Acceleware Company Profile

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.