SIMEC Atlantis Energy (LON:SAE) Trading 3.7% Higher – What’s Next?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report)’s share price shot up 3.7% during trading on Tuesday . 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 company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 149.26. The company has a market capitalization of £19.47 million, a P/E ratio of 1.32 and a beta of 1.41. The business has a fifty day moving average price of GBX 2.80 and a 200 day moving average price of GBX 2.61.

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.

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