Acceleware (CVE:AXE) Shares Up 7.7% – Here’s Why

Acceleware Ltd. (CVE:AXE) shot up 7.7% during mid-day trading on Monday . The company traded as high as C$0.14 and last traded at C$0.14. 7,000 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 24,617 shares. The stock had previously closed at C$0.13.

Acceleware Stock Performance

The company has a quick ratio of 0.53, a current ratio of 0.19 and a debt-to-equity ratio of 16.42. The stock has a fifty day moving average of C$0.12 and a 200-day moving average of C$0.12. The stock has a market cap of C$13.03 million, a PE ratio of -11.00 and a beta of 0.79.

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