SIMEC Atlantis Energy (LON:SAE) Stock Price Up 5.3% – Should You Buy?

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

SIMEC Atlantis Energy Stock Up 6.3 %

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

SIMEC Atlantis Energy Company Profile

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.