Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price dropped 16.7% during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.08. Approximately 108,007 shares changed hands during 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 business’s 50-day moving average is C$0.09 and its 200-day moving average is C$0.11. The company has a market capitalization of C$10.53 million, a price-to-earnings ratio of 5.95 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.18 and a debt-to-equity ratio of -39.87.
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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