SIMEC Atlantis Energy (LON:SAE) Shares Up 13.7% – Still a Buy?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) shares rose 13.7% during trading on Monday . The company traded as high as GBX 2.29 ($0.03) and last traded at GBX 2.27 ($0.03). Approximately 455,867 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,585,343 shares. The stock had previously closed at GBX 2 ($0.02).

SIMEC Atlantis Energy Stock Down 2.1 %

The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 143.38. The stock has a 50-day simple moving average of GBX 1.92 and a two-hundred day simple moving average of GBX 2.08. The firm has a market cap of £15.56 million, a PE ratio of 53.83 and a beta of 1.41.

SIMEC Atlantis Energy Company Profile

(Get Free Report)

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.

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