Acceleware (CVE:AXE) Stock Price Up 20% – Here’s Why
by Danessa Lincoln · The Markets DailyAcceleware Ltd. (CVE:AXE – Get Free Report)’s share price rose 20% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 170,198 shares traded hands during mid-day trading, an increase of 480% from the average daily volume of 29,352 shares. The stock had previously closed at C$0.10.
Acceleware Stock Performance
The stock has a market cap of C$17.18 million, a P/E ratio of -4.00 and a beta of 1.65. The company has a debt-to-equity ratio of -55.50, a current ratio of 0.01 and a quick ratio of 0.53. The stock has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.09.
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. 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.