Shares of Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) were up 2.2% during mid-day trading on Thursday . The company traded as high as $3.90 and last traded at $3.70. Approximately 383,000 shares traded hands during trading, an increase of 1,888% from the average daily volume of 19,270 shares. The stock had previously closed at $3.62.
Swiftmerge Acquisition Stock Performance
The stock has a market cap of $23.53 million, a PE ratio of -172.00 and a beta of 0.03. The firm has a fifty day moving average price of $3.14 and a 200 day moving average price of $3.59.
Swiftmerge Acquisition Company Profile
Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.
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