Acceleware Ltd. (CVE:AXE – Get Free Report)’s stock price dropped 22.2% on Wednesday. The stock traded as low as C$0.07 and last traded at C$0.07. 143,570 shares changed hands during mid-day trading, an increase of 392% from the average session volume of 29,186 shares. The stock had previously closed at C$0.09.
Acceleware Price Performance
The company has a market cap of C$10.02 million, a price-to-earnings ratio of -3.50 and a beta of 1.22. The stock’s 50-day moving average is C$0.10 and its 200-day moving average is C$0.10. The company has a current ratio of 0.04, a quick ratio of 0.53 and a debt-to-equity ratio of -35.40.
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.
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