SIMEC Atlantis Energy (LON:SAE) Trading 5.3% Higher – Should You Buy?

SIMEC Atlantis Energy Limited (LON:SAE) traded up 5.3% on Monday . The company traded as high as GBX 1.90 ($0.02) and last traded at GBX 1.90 ($0.02). 500,482 shares traded hands during trading, a decline of 6% from the average session volume of 533,954 shares. The stock had previously closed at GBX 1.80 ($0.02).

SIMEC Atlantis Energy Stock Performance

The company has a market cap of £16.14 million, a P/E ratio of 55.83 and a beta of 1.41. 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 business has a 50-day moving average of GBX 1.80 and a two-hundred day moving average of GBX 2.07.

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.