Acceleware (CVE:AXE) Trading Down 9.1%

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Acceleware Ltd (CVE:AXE)’s share price traded down 9.1% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10, 109,500 shares changed hands during trading. An increase of 334% from the average session volume of 25,230 shares. The stock had previously closed at C$0.11.

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 11.39. The firm has a market capitalization of $11.51 million and a price-to-earnings ratio of 7.14. The stock’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.14.

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.

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