Spring Valley Acquisition (OTCMKTS:SVSVU) Shares Up 1.4% – Still a Buy?

Spring Valley Acquisition Corp. (OTCMKTS:SVSVU)’s share price rose 1.4% during trading on Friday . The stock traded as high as $11.25 and last traded at $11.15. Approximately 2,900 shares changed hands during trading, a decline of 48% from the average daily volume of 5,602 shares. The stock had previously closed at $11.00.

Spring Valley Acquisition Price Performance

The stock has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.15.

Spring Valley Acquisition Company Profile

Spring Valley Acquisition Corp (OTCMKTS:SVSVU) is a special purpose acquisition company (SPAC) incorporated as an exempted company in the Cayman Islands. The firm was formed to raise capital through an initial public offering and to use the proceeds to complete a merger, share exchange, asset acquisition or other business combination with one or more operating businesses.

Spring Valley Acquisition has no commercial operations of its own; its primary activity is identifying and evaluating potential target companies across a broad range of industries.