Spring Valley Acquisition (OTCMKTS:SVSVU) Shares Up 1.4% – What’s Next?

Spring Valley Acquisition Corp. (OTCMKTS:SVSVU) traded up 1.4% during mid-day trading on Friday . The stock traded as high as $11.25 and last traded at $11.15. 2,900 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 5,602 shares. The stock had previously closed at $11.00.

Spring Valley Acquisition Stock Performance

The company’s 50 day moving average price is $11.15 and its 200-day moving average price is $11.15.

Spring Valley Acquisition Company Profile

Spring Valley Acquisition Corp (OTCMKTS:SVSVU) is a special purpose acquisition company (SPAC) incorporated as an exempted company in the Cayman Islands. The firm was formed to raise capital through an initial public offering and to use the proceeds to complete a merger, share exchange, asset acquisition or other business combination with one or more operating businesses.

Spring Valley Acquisition has no commercial operations of its own; its primary activity is identifying and evaluating potential target companies across a broad range of industries.