Acceleware Ltd. (CVE:AXE – Get Free Report) shares shot up 9.1% on Monday . The stock traded as high as C$0.12 and last traded at C$0.12. 19,550 shares were traded during mid-day trading, a decline of 21% from the average session volume of 24,805 shares. The stock had previously closed at C$0.11.
Acceleware Trading Up 9.1 %
The business’s 50 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. The company has a market cap of C$14.21 million, a price-to-earnings ratio of -12.00 and a beta of 0.78.
Acceleware (CVE:AXE – Get Free Report) last released its quarterly earnings results on Friday, August 16th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$2.01 million for the quarter.
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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