Acceleware (CVE:AXE) Shares Down 6.3%

Acceleware Ltd (CVE:AXE)’s stock price fell 6.3% during trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, 52,000 shares traded hands during trading. An increase of 42% from the average session volume of 36,498 shares. The stock had previously closed at C$0.08.

The company has a debt-to-equity ratio of 11.39, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.11. The firm has a market capitalization of $8.37 million and a price-to-earnings ratio of 5.36.

Acceleware (CVE:AXE) last posted its earnings results on Wednesday, November 27th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$0.20 million during the quarter.

About Acceleware (CVE:AXE)

Acceleware Ltd., an oil and gas technology company, develops and markets software products for oil and gas and other markets in Canada and the United States. The company operates through two segments, RF Heating and Software and Services. It offers AxFWI, a full waveform inversion application for providing subsurface velocity models; AxRTM, a reverse time migration method for seismic depth imaging; AxWave, a high performance application used for the simulation of seismic wave propagation through the subsurface; and marine controlled source electromagnetic method for generating the electric resistivity map of seafloors, as well as researches, develops, and sells RF heating and related services for heavy oil and oil sand production technology.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

Receive News & Ratings for Acceleware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acceleware and related companies with's FREE daily email newsletter.