Acceleware (CVE:AXE) Shares Down 16.7% – What’s Next?

Acceleware Ltd. (CVE:AXE)’s stock price was down 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.08. Approximately 108,007 shares traded hands during mid-day trading, an increase of 384% from the average daily volume of 22,318 shares. The stock had previously closed at C$0.09.

Acceleware Stock Up 12.5 %

The firm has a fifty day simple moving average of C$0.09 and a 200 day simple moving average of C$0.11. The company has a debt-to-equity ratio of -39.87, a quick ratio of 0.53 and a current ratio of 0.18. The company has a market cap of C$11.84 million, a PE ratio of 6.70 and a beta of 0.79.

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.