Spring Valley Acquisition Corp. (OTCMKTS:SVSVU – Get Free Report) shot up 1.4% during trading on Tuesday. The stock traded as high as $11.25 and last traded at $11.15. 2,900 shares changed 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 Trading Up 1.4%
The stock’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. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, stock purchase, or similar business combination with an operating company. As a SPAC, it did not conduct significant operating activities or offer products and services of its own before completing a transaction.
The company made public plans to combine with AeroFarms, an indoor vertical farming company focused on growing fresh produce using controlled-environment agriculture.
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