Acceleware (CVE:AXE) Trading Up 18.8% – Should You Buy?

by · The Cerbat Gem

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

Acceleware Stock Up 12.5%

The firm has a market cap of C$11.74 million, a price-to-earnings ratio of 9.00 and a beta of -0.57. The stock has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.09. The company has a current ratio of 0.18, a quick ratio of 0.53 and a debt-to-equity ratio of -39.87.

Acceleware Company Profile

(Get Free Report)

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.

Further Reading