SIMEC Atlantis Energy (LON:SAE) Trading Down 2.7% – What’s Next?

SIMEC Atlantis Energy Limited (LON:SAE)’s stock price dropped 2.7% during mid-day trading on Monday . The stock traded as low as GBX 1.76 ($0.02) and last traded at GBX 1.80 ($0.02). Approximately 198,736 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,682,258 shares. The stock had previously closed at GBX 1.85 ($0.02).

SIMEC Atlantis Energy Trading Down 2.7 %

The company has a market capitalization of £13.01 million, a price-to-earnings ratio of 45.00 and a beta of 1.41. The company has a 50-day moving average price of GBX 1.77 and a 200-day moving average price of GBX 1.97. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 143.38.

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.