SIMEC Atlantis Energy (LON:SAE) Shares Up 13.7% – What’s Next?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) shot up 13.7% during trading on Monday . The company traded as high as GBX 2.29 ($0.03) and last traded at GBX 2.27 ($0.03). 455,867 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,585,343 shares. The stock had previously closed at GBX 2 ($0.02).

SIMEC Atlantis Energy Stock Up 13.7 %

The company’s 50 day moving average is GBX 1.89 and its 200 day moving average is GBX 2.08. The company has a market cap of £16.44 million, a PE ratio of 56.85 and a beta of 1.41. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 143.38.

About SIMEC Atlantis Energy

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SAE Renewables is a global developer, owner and operator of sustainable energy projects. SAE owns the world’s flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects.

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