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

Shares of SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) shot up 3.7% during trading on Wednesday . The stock traded as high as GBX 2.80 and last traded at GBX 2.80. 2,087,689 shares changed hands 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 Trading Up 3.7%

The stock’s 50 day simple moving average is GBX 2.80 and its two-hundred day simple moving average is GBX 2.80. The stock has a market capitalization of £19.47 million, a PE ratio of 1.32 and a beta of 1.41. The company has a debt-to-equity ratio of 272.24, a current ratio of 1.12 and a quick ratio of 0.34.

SIMEC Atlantis Energy Company Profile

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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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