SIMEC Atlantis Energy (LON:SAE) Trading Up 7.7% – Should You Buy?

Shares of SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) were up 7.7% on Monday . The company traded as high as GBX 2.18 ($0.03) and last traded at GBX 2.18 ($0.03). Approximately 385,665 shares traded hands during trading, a decline of 62% from the average daily volume of 1,019,855 shares. The stock had previously closed at GBX 2.03 ($0.03).

SIMEC Atlantis Energy Stock Up 7.7 %

The business has a fifty day moving average of GBX 2.09 and a 200 day moving average of GBX 2.02. The firm has a market cap of £15.16 million, a P/E ratio of 1.03 and a beta of 1.41. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 149.26.

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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