Acceleware (CVE:AXE) Stock Price Up 14.3%

Shares of Acceleware Ltd. (CVE:AXE) traded up 14.3% during mid-day trading on Monday . The company traded as high as C$0.12 and last traded at C$0.12. 8,000 shares traded hands during trading, a decline of 68% from the average session volume of 24,816 shares. The stock had previously closed at C$0.11.

Acceleware Stock Performance

The company has a market cap of C$12.44 million, a P/E ratio of -10.50 and a beta of 0.78. The firm’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.12. The company has a current ratio of 0.19, a quick ratio of 0.53 and a debt-to-equity ratio of 16.42.

Acceleware (CVE:AXE) last posted its quarterly earnings results on Friday, August 16th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 million during the quarter.

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.