Shares of Acceleware Ltd. (CVE:AXE – Get Free Report) were down 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 mid-day trading, an increase of 374% from the average daily volume of 22,794 shares. The stock had previously closed at C$0.09.
Acceleware Stock Down 11.1 %
The firm has a market cap of C$10.53 million, a P/E ratio of 5.95 and a beta of 0.79. The company’s 50-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.
About Acceleware
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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