SIMEC Atlantis Energy (LON:SAE) Shares Up 11.1% – Should You Buy?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) was up 11.1% during mid-day trading on Thursday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 1.85 ($0.02). Approximately 637,510 shares changed hands during trading, a decline of 62% from the average daily volume of 1,671,476 shares. The stock had previously closed at GBX 1.67 ($0.02).

SIMEC Atlantis Energy Price Performance

The company has a debt-to-equity ratio of 143.38, a current ratio of 0.64 and a quick ratio of 0.35. The stock’s fifty day moving average is GBX 1.77 and its 200-day moving average is GBX 1.98. The stock has a market capitalization of £13.41 million, a PE ratio of 46.38 and a beta of 1.41.

About SIMEC Atlantis Energy

(Get Free Report)

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.

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