Spring Valley Acquisition (NASDAQ:SV) Stock Price Down 8.3% – Should You Sell?

Spring Valley Acquisition Corp. (NASDAQ:SVGet Free Report) traded down 8.3% during trading on Wednesday . The stock traded as low as $11.65 and last traded at $11.83. 7,017,739 shares traded hands during mid-day trading, an increase of 1,223% from the average session volume of 530,580 shares. The stock had previously closed at $12.90.

Spring Valley Acquisition Stock Performance

The business’s 50-day moving average is $9.41 and its two-hundred day moving average is $8.65.

Spring Valley Acquisition Company Profile

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Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.

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