Acceleware (CVE:AXE) Trading Up 9.5% – Still a Buy?

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

Acceleware Trading Up 9.5%

The company has a quick ratio of 0.53, a current ratio of 0.13 and a debt-to-equity ratio of -53.91. The stock has a market capitalization of C$15.00 million, a PE ratio of 9.00 and a beta of 0.44. The stock’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.08.

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.