SIMEC Atlantis Energy (LON:SAE) Shares Up 1.3% – Here’s Why

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) shares rose 1.3% during mid-day trading on Monday . The company traded as high as GBX 2.35 ($0.03) and last traded at GBX 2.34 ($0.03). Approximately 678,550 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 999,191 shares. The stock had previously closed at GBX 2.31 ($0.03).

SIMEC Atlantis Energy Stock Performance

The company has a debt-to-equity ratio of 149.26, a quick ratio of 0.35 and a current ratio of 0.64. The firm’s 50-day moving average price is GBX 2.21 and its two-hundred day moving average price is GBX 1.99. The stock has a market cap of £16.27 million, a price-to-earnings ratio of 1.10 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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