Acceleware (CVE:AXE) Shares Up 9.5% – Here’s Why

Acceleware Ltd. (CVE:AXE) shares traded up 9.5% during trading on Friday . The company traded as high as C$0.12 and last traded at C$0.12. 111,500 shares changed hands during mid-day trading, an increase of 223% from the average session volume of 34,516 shares. The stock had previously closed at C$0.11.

Acceleware Price Performance

The company has a current ratio of 0.13, a quick ratio of 0.53 and a debt-to-equity ratio of -53.91. The firm has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.08. The company has a market cap of C$15.00 million, a PE ratio of 9.00 and a beta of 0.44.

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.