SIMEC Atlantis Energy (LON:SAE) Stock Price Down 10%

SIMEC Atlantis Energy Limited (LON:SAEGet Rating)’s share price was down 10% during trading on Thursday . The stock traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.12 ($0.03). Approximately 2,815,280 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 5,726,279 shares. The stock had previously closed at GBX 2.35 ($0.03).

The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 70.12. The company has a fifty day simple moving average of GBX 2.42 and a 200 day simple moving average of GBX 1.82. The firm has a market capitalization of £15.36 million and a P/E ratio of -0.44.

SIMEC Atlantis Energy Company Profile (LON:SAE)

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 subsea connection equipment; hydro development; and provision of offshore and onshore construction services.

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