SIMEC Atlantis Energy (LON:SAE) Shares Up 3.7% – Time to Buy?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) shares shot up 3.7% during mid-day trading on Tuesday . The stock traded as high as GBX 2.80 and last traded at GBX 2.80. 2,087,689 shares changed 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 Stock Up 3.7%

The firm has a market cap of £19.47 million, a P/E ratio of 1.32 and a beta of 1.41. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 149.26. The firm has a fifty day moving average of GBX 2.80 and a 200-day moving average of GBX 2.61.

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.

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