Acceleware Ltd. (CVE:AXE) Director Jens Horstmann sold 52,500 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$0.25, for a total value of C$13,125.00.

Shares of Acceleware Ltd. (AXE) traded up C$0.05 on Friday, hitting C$0.30. The stock had a trading volume of 1,650,000 shares, compared to its average volume of 116,537. Acceleware Ltd. has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.29.

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Acceleware Company Profile

Acceleware Ltd., an oil and gas technology company, develops, and markets special purpose computational software products for energy, engineering, and other sectors in Canada and the United States. The company operates through Radio Frequency (RF) Heading, and Software and Services segments. 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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