SIMEC Atlantis Energy (LON:SAE) Shares Down 14.6% – Should You Sell?

Shares of SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) traded down 14.6% during trading on Monday . The company traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03). 213,723 shares traded hands during trading, a decline of 78% from the average session volume of 967,379 shares. The stock had previously closed at GBX 2.46 ($0.03).

SIMEC Atlantis Energy Trading Down 14.6 %

The company has a debt-to-equity ratio of 149.26, a current ratio of 0.64 and a quick ratio of 0.35. The business’s 50 day moving average is GBX 2.17 and its 200 day moving average is GBX 1.99. The stock has a market cap of £14.60 million, a price-to-earnings ratio of 0.99 and a beta of 1.41.

About SIMEC Atlantis Energy

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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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