Acceleware (CVE:AXE) Trading 18.8% Higher – Time to Buy?

by · The Cerbat Gem

Acceleware Ltd. (CVE:AXE – Get Free Report) shot up 18.8% during mid-day trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 122,359 shares changed hands during mid-day trading, an increase of 290% from the average session volume of 31,354 shares. The stock had previously closed at C$0.08.

Acceleware Stock Performance

The firm has a market cap of C$11.74 million, a PE ratio of 9.00 and a beta of -0.57. 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 firm’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.09.

Acceleware Company Profile

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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.

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