Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report)’s share price was down 0.5% on Thursday. The company traded as low as $5.50 and last traded at $5.67. Approximately 17,494,271 shares were traded during mid-day trading, an increase of 3,197% from the average daily volume of 530,580 shares. The stock had previously closed at $5.70.
Spring Valley Acquisition Stock Performance
The firm’s 50 day moving average price is $7.95 and its 200-day moving average price is $11.00.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike an operating business, it did not sell products or provide services of its own while searching for a merger or acquisition target.
Spring Valley Acquisition completed a business combination with AeroClean Technologies, Inc, an air- and surface-purification technology company, in 2021. Following the transaction, the combined company operated as AeroClean Technologies and traded under the ticker symbol AERC.
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