SIMEC Atlantis Energy (LON:SAE) Shares Up 9.2% – Here’s What Happened

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) rose 9.2% during trading on Monday . The stock traded as high as GBX 2.10 ($0.03) and last traded at GBX 2 ($0.03). Approximately 7,955,399 shares changed hands during trading, an increase of 369% from the average daily volume of 1,696,217 shares. The stock had previously closed at GBX 1.83 ($0.02).

SIMEC Atlantis Energy Stock Performance

The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 143.38. The firm has a fifty day moving average price of GBX 2.05 and a 200 day moving average price of GBX 1.76. The firm has a market cap of £14.46 million, a PE ratio of 45.00 and a beta of 1.41.

About SIMEC Atlantis Energy

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SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects in the United Kingdom and Japan. The company operates through three segments: Power Generation, Turbine and Engineering Service, and Project Development. It is involved in the tidal power generation; designs, supply, and maintenance of tidal turbines; and hydro development services.

Further Reading

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