Shares of SIMEC Atlantis Energy Limited (LON:SAE – Get Free Report) dropped 12.4% during mid-day trading on Monday . The company traded as low as GBX 2.05 ($0.03) and last traded at GBX 2.10 ($0.03). Approximately 1,653,240 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 1,035,396 shares. The stock had previously closed at GBX 2.40 ($0.03).
SIMEC Atlantis Energy Stock Performance
The company has a market capitalization of £14.60 million, a PE ratio of 0.99 and a beta of 1.41. The company has a debt-to-equity ratio of 149.26, a quick ratio of 0.35 and a current ratio of 0.64. The stock’s fifty day simple moving average is GBX 2.15 and its 200-day simple moving average is GBX 1.99.
SIMEC Atlantis Energy Company Profile
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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