SIMEC Atlantis Energy (LON:SAE) Shares Up 3.7% – Here’s Why

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report)’s share price shot up 3.7% on Wednesday . The company traded as high as GBX 2.80 and last traded at GBX 2.80. 2,087,689 shares traded hands during 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 market capitalization of £19.47 million, a price-to-earnings ratio of 1.32 and a beta of 1.41. The company has a 50-day moving average price of GBX 2.80 and a 200-day moving average price of GBX 2.80. The company has a quick ratio of 0.35, a current ratio of 1.13 and a debt-to-equity ratio of 382.88.

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. https://www.saerenewables.com/

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