Acceleware (CVE:AXE) Reaches New 1-Year High – Here’s Why

Shares of Acceleware Ltd. (CVE:AXE) reached a new 52-week high during trading on Friday. The company traded as high as C$0.15 and last traded at C$0.09, with a volume of 117,010 shares traded. The stock had previously closed at C$0.10.

Acceleware Stock Performance

The stock has a market capitalization of C$12.88 million, a price-to-earnings ratio of -4.50 and a beta of 1.27. The company’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.10. The company has a quick ratio of 0.53, a current ratio of 0.04 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.