SIMEC Atlantis Energy (LON:SAE) Shares Down 10.2% – Here’s What Happened

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report) was down 10.2% during mid-day trading on Tuesday . The stock traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.80 ($0.02). Approximately 246,891 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,648,333 shares. The stock had previously closed at GBX 2 ($0.03).

SIMEC Atlantis Energy Stock Down 15.0 %

The company has a debt-to-equity ratio of 143.38, a quick ratio of 0.35 and a current ratio of 0.64. The stock’s 50 day simple moving average is GBX 1.77 and its 200 day simple moving average is GBX 2. The firm has a market cap of £12.29 million, a P/E ratio of 42.50 and a beta of 1.41.

SIMEC Atlantis Energy Company Profile

(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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