SIMEC Atlantis Energy (LON:SAE) Trading Up 8.3% – Here’s Why

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report)’s share price shot up 8.3% on Monday . The company traded as high as GBX 1.77 ($0.02) and last traded at GBX 1.77 ($0.02). 2,832 shares traded hands during trading, a decline of 100% from the average session volume of 1,729,785 shares. The stock had previously closed at GBX 1.63 ($0.02).

SIMEC Atlantis Energy Stock Down 5.2 %

The company has a market capitalization of £11.65 million, a PE ratio of 42.50 and a beta of 1.41. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 143.38. The firm has a 50 day simple moving average of GBX 1.88 and a two-hundred day simple moving average of GBX 1.85.

SIMEC Atlantis Energy Company Profile

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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.

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