Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report)’s share price was down 0.9% during mid-day trading on Wednesday . The company traded as low as $8.24 and last traded at $8.43. Approximately 34,847,055 shares traded hands during mid-day trading, an increase of 6,468% from the average session volume of 530,580 shares. The stock had previously closed at $8.51.
Spring Valley Acquisition Trading Up 8.9%
The business’s fifty day simple moving average is $9.05 and its 200 day simple moving average is $10.50.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional corporation, it did not initially have substantial operating activities, products, or services of its own. Its principal activities involved raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a merger or similar transaction.
The company entered into a business combination with AeroClean Technologies, Inc, a developer of air-cleaning and pathogen-control technologies.
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