Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report) shares were up 1.7% during mid-day trading on Tuesday . The stock traded as high as $13.40 and last traded at $12.89. Approximately 41,564,827 shares traded hands during trading, an increase of 7,734% from the average daily volume of 530,580 shares. The stock had previously closed at $12.67.
Spring Valley Acquisition Stock Performance
The company’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $15.17.
About Spring Valley Acquisition
Spring Valley Acquisition Corp. (NASDAQ: SV) is a publicly traded special purpose acquisition company (SPAC) incorporated in Delaware. The company’s primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Spring Valley Acquisition seeks to leverage its management team’s experience and capital resources to identify and complete a transaction that delivers value to its shareholders.
Since its initial public offering, Spring Valley Acquisition has focused on opportunities within technology, media, telecommunications and consumer sectors.
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