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

SIMEC Atlantis Energy Limited (LON:SAE – Get Free Report)’s share price shot up 3.7% on Wednesday. The stock 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 daily volume of 1,447,774 shares. The stock had previously closed at GBX 2.70.

SIMEC Atlantis Energy Stock Up 3.7%

The company has a market cap of £19.47 million, a price-to-earnings ratio of 1.32 and a beta of 1.41. The company has a current ratio of 1.12, a quick ratio of 0.34 and a debt-to-equity ratio of 272.24. The business has a fifty day moving average of GBX 2.80 and a two-hundred day moving average of 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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