Acceleware (CVE:AXE) Reaches New 52-Week Low – Here’s What Happened

Acceleware Ltd. (CVE:AXE) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 95100 shares traded. The stock had previously closed at C$0.10.

Acceleware Trading Down 10.0 %

The stock has a market capitalization of C$11.84 million, a PE ratio of 6.70 and a beta of 0.79. The firm has a 50 day moving average price of C$0.10 and a 200 day moving average price of C$0.11. The company has a quick ratio of 0.53, a current ratio of 0.18 and a debt-to-equity ratio of -39.87.

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.