SIMEC Atlantis Energy (LON:SAE) Trading Up 8.3% – Here’s Why

SIMEC Atlantis Energy Limited (LON:SAE)’s share price was up 8.3% on Monday . The stock traded as high as GBX 1.77 ($0.02) and last traded at GBX 1.77 ($0.02). Approximately 2,832 shares traded hands during trading, a decline of 100% from the average daily volume of 1,729,785 shares. The stock had previously closed at GBX 1.63 ($0.02).

SIMEC Atlantis Energy Trading Up 1.2 %

The company has a market cap of £11.93 million, a price-to-earnings ratio of 43.75 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 143.38. The company’s fifty day moving average price is GBX 1.91 and its two-hundred day moving average price is GBX 1.83.

About SIMEC Atlantis Energy

SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects in the United Kingdom and Japan. The company operates through three segments: Power Generation, Turbine and Engineering Service, and Project Development. It is involved in the tidal power generation; designs, supply, and maintenance of tidal turbines; and hydro development services.