Spring Valley Acquisition (NASDAQ:SV) Stock Price Down 1.7% - Here's What Happened

Key Points

• Spring Valley Acquisition Corp. (NASDAQ:SV) experienced a stock price decline of 1.7%, trading between $33.82 and $33.95 on Tuesday.
• The trading volume significantly increased, with approximately 10.3 million shares changing hands, marking a 1,833% rise from its average daily volume.
• Spring Valley Acquisition, incorporated in 2020, currently has no significant operations and plans to pursue various forms of business combinations.

Spring Valley Acquisition Corp. (NASDAQ:SV - ) shares dropped 1.7% during mid-day trading on Tuesday . The stock traded as low as $33.82 and last traded at $33.95. Approximately 10,257,119 shares changed hands during mid-day trading, an increase of 1,833% from the average daily volume of 530,580 shares. The stock had previously closed at $34.53.

Spring Valley Acquisition Stock Down 1.7%

The company has a 50 day moving average of $40.12 and a 200-day moving average of $28.70.

About Spring Valley Acquisition

Spring Valley Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Dallas, Texas.

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