Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price dropped 16.7% 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 trading, an increase of 420% from the average daily volume of 20,770 shares. The stock had previously closed at C$0.09.
Acceleware Price Performance
The company has a market capitalization of C$11.84 million, a P/E ratio of 6.70 and a beta of 0.79. The stock’s fifty day simple moving average is C$0.09 and its 200-day simple moving average is C$0.11. The company has a debt-to-equity ratio of -39.87, a current ratio of 0.18 and a quick ratio of 0.53.
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.
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