Acceleware (CVE:AXE) Sets New 52-Week High – Still a Buy?

Shares of Acceleware Ltd. (CVE:AXE) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.14, with a volume of 138586 shares trading hands. The stock had previously closed at C$0.12.

Acceleware Stock Performance

The company has a market capitalization of C$20.04 million, a P/E ratio of -4.67 and a beta of 1.65. The company has a current ratio of 0.01, a quick ratio of 0.53 and a debt-to-equity ratio of -55.50. The company’s fifty day moving average is C$0.09 and its 200 day moving average is C$0.09.

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.