Acceleware (CVE:AXE) Shares Up 14.3%

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

Acceleware Stock Performance

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 50-day moving average price of C$0.11 and a two-hundred day moving average price of C$0.12. The stock has a market capitalization of C$14.21 million, a P/E ratio of -12.00 and a beta of 0.78.

Acceleware (CVE:AXE) last issued its earnings results on Friday, August 16th. The company reported C$0.01 earnings per share 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.