Acceleware (CVE:AXE) Reaches New 52-Week Low – Here’s What Happened

Acceleware Ltd. (CVE:AXE)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$0.06 and last traded at C$0.08, with a volume of 153151 shares traded. The stock had previously closed at C$0.08.

Acceleware Price Performance

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 business has a 50 day simple moving average of C$0.09 and a 200 day simple moving average of C$0.09. The company has a market capitalization of C$10.73 million, a price-to-earnings ratio of -3.75 and a beta of 1.65.

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. 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.