SIMEC Atlantis Energy (LON:SAE) Shares Down 4.9% – Time to Sell?

SIMEC Atlantis Energy Limited (LON:SAE) dropped 4.9% on Tuesday . The company traded as low as GBX 1.50 ($0.02) and last traded at GBX 1.55 ($0.02). Approximately 2,541,421 shares were traded during trading, an increase of 46% from the average daily volume of 1,741,067 shares. The stock had previously closed at GBX 1.63 ($0.02).

SIMEC Atlantis Energy Stock Up 8.6 %

The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 143.38. The company’s fifty day moving average price is GBX 1.87 and its 200-day moving average price is GBX 1.84. The stock has a market capitalization of £12.64 million, a PE ratio of 40.25 and a beta of 1.41.

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.