SIMEC Atlantis Energy (LON:SAE) Shares Down 14.6% – Should You Sell?

SIMEC Atlantis Energy Limited (LON:SAEGet Free Report)’s share price fell 14.6% on Monday . The company traded as low as GBX 2.10 ($0.03) and last traded at GBX 2.10 ($0.03). 213,723 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 967,379 shares. The stock had previously closed at GBX 2.46 ($0.03).

SIMEC Atlantis Energy Price Performance

The stock has a market capitalization of £14.60 million, a PE ratio of 0.99 and a beta of 1.41. The stock’s 50 day moving average is GBX 2.17 and its two-hundred day moving average is GBX 1.99. The company has a debt-to-equity ratio of 149.26, a quick ratio of 0.35 and a current ratio of 0.64.

About SIMEC Atlantis Energy

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SAE Renewables is a global developer, owner and operator of sustainable energy projects. SAE owns the world’s flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK’s largest battery energy storage projects.

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