SIMEC Atlantis Energy (LON:SAE) Trading 3.7% Higher – Here’s Why

SIMEC Atlantis Energy Limited (LON:SAE)’s share price was up 3.7% during trading on Wednesday . The stock traded as high as GBX 2.80 and last traded at GBX 2.80. 2,087,689 shares changed hands during mid-day 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 Stock Up 3.7%

The firm’s 50-day moving average price is GBX 2.80 and its two-hundred day moving average price is GBX 2.80. The company has a debt-to-equity ratio of 272.24, a quick ratio of 0.34 and a current ratio of 1.12. The firm has a market cap of £19.47 million, a PE ratio of 1.32 and a beta of 1.41.

About SIMEC Atlantis Energy

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/