SIMEC Atlantis Energy (LON:SAE) Stock Price Up 11.1% – Here’s What Happened

SIMEC Atlantis Energy Limited (LON:SAE)’s share price shot up 11.1% during trading on Thursday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 1.85 ($0.02). 637,510 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,671,476 shares. The stock had previously closed at GBX 1.67 ($0.02).

SIMEC Atlantis Energy Trading Up 0.3 %

The firm has a market capitalization of £13.41 million, a price-to-earnings ratio of 46.38 and a beta of 1.41. The company has a debt-to-equity ratio of 143.38, a quick ratio of 0.35 and a current ratio of 0.64. The company has a 50 day moving average price of GBX 1.77 and a two-hundred day moving average price of GBX 1.98.

About SIMEC Atlantis Energy

SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects in the United Kingdom and Japan. The company operates through three segments: Power Generation, Turbine and Engineering Service, and Project Development. It is involved in the tidal power generation; designs, supply, and maintenance of tidal turbines; and hydro development services.