Acceleware (CVE:AXE) Trading 18.8% Higher – Here’s What Happened

Acceleware Ltd. (CVE:AXE)’s share price traded up 18.8% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.10. 122,359 shares traded hands during trading, an increase of 282% from the average session volume of 32,047 shares. The stock had previously closed at C$0.08.

Acceleware Price Performance

The company’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.09. 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 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

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.