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

Acceleware Ltd. (CVE:AXE) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.08, with a volume of 153151 shares trading hands. The stock had previously closed at C$0.08.

Acceleware Stock Performance

The firm has a market capitalization of C$10.73 million, a price-to-earnings ratio of -3.75 and a beta of 1.65. The company has a debt-to-equity ratio of -55.50, a current ratio of 0.01 and a quick ratio of 0.53. The firm has a 50 day moving average price of C$0.09 and a 200-day moving average price of C$0.09.

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. The company's solutions include AxFDTD; AxHeat RF heating simulation software; AxRTM, a graphics processing unit accelerated Kirchhoff time migration solution; AxWAVE, a solution that allows customers to model seismic acquisition and perform data characterization; AxFWI, a revolutionary modular full waveform inversion application for providing subsurface velocity models.