SIMEC Atlantis Energy (LON:SAE) Trading Up 3.7% – Here’s What Happened

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) traded up 3.7% on Wednesday . The company traded as high as GBX 2.80 and last traded at GBX 2.80. 2,087,689 shares were traded during mid-day trading, an increase of 44% from the average session volume of 1,447,774 shares. The stock had previously closed at GBX 2.70.

SIMEC Atlantis Energy Trading Up 3.7%

The stock has a market cap of £19.47 million, a P/E ratio of 1.32 and a beta of 1.41. The company has a debt-to-equity ratio of 382.88, a current ratio of 1.13 and a quick ratio of 0.35. The business’s 50 day simple moving average is GBX 2.80 and its 200 day simple moving average is GBX 2.80.

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. https://www.saerenewables.com/

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