Acceleware Ltd. (CVE:AXE – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$0.08 and traded as high as C$0.10. Acceleware shares last traded at C$0.10, with a volume of 9,000 shares changing hands.
Acceleware Trading Up 26.7%
The company has a debt-to-equity ratio of -35.40, a quick ratio of 0.53 and a current ratio of 0.04. The firm has a market capitalization of C$13.60 million, a price-to-earnings ratio of -4.75 and a beta of 1.09. The company has a 50 day moving average price of C$0.08 and a two-hundred day moving average price of C$0.10.
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. 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.
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