Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report)’s stock price rose 10.8% during trading on Wednesday . The stock traded as high as $8.97 and last traded at $8.35. Approximately 11,549 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 15,494 shares. The stock had previously closed at $7.53.
Swiftmerge Acquisition Stock Performance
The stock’s fifty day moving average price is $8.24 and its two-hundred day moving average price is $9.51. The company has a market cap of $56.91 million, a P/E ratio of -416.00 and a beta of 0.03.
About Swiftmerge Acquisition
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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