Acceleware (CVE:AXE) Shares Down 16.7% – Here’s What Happened

Acceleware Ltd. (CVE:AXE)’s share price traded down 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.07 and last traded at C$0.08. 108,007 shares traded hands during mid-day trading, an increase of 384% from the average session volume of 22,318 shares. The stock had previously closed at C$0.09.

Acceleware Stock Performance

The company has a market cap of C$11.84 million, a P/E ratio of 6.70 and a beta of 0.79. The company’s fifty day moving average is C$0.09 and its 200 day moving average is C$0.11. The company has a current ratio of 0.18, a quick ratio of 0.53 and a debt-to-equity ratio of -39.87.

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.