Acceleware (CVE:AXE) Stock Price Up 8.3% – Still a Buy?

by · The Markets Daily

Acceleware Ltd. (CVE:AXE – Get Free Report) shares rose 8.3% on Monday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 18,846 shares were traded during trading, a decline of 23% from the average daily volume of 24,377 shares. The stock had previously closed at C$0.12.

Acceleware Stock Performance

The company has a debt-to-equity ratio of 16.42, a current ratio of 0.19 and a quick ratio of 0.53. The stock’s 50-day moving average price is C$0.12 and its 200-day moving average price is C$0.12. The company has a market cap of C$15.40 million, a P/E ratio of -13.00 and a beta of 0.79.

Acceleware (CVE:AXE – Get Free Report) last announced its earnings results on Friday, August 16th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 million for the quarter.

About Acceleware

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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.

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