Spring Valley Acquisition (NASDAQ:SV) Stock Price Up 6.6% - Still a Buy?

Key Points

• Spring Valley Acquisition Corp. saw its share price increase by 6.6% during mid-day trading, reaching a high of $53.39 before closing at $51.03.
• There was a significant trading volume of approximately 17.6 million shares, which is an increase of 3,226% compared to the average daily volume.
• The company, incorporated in 2020, aims to engage in a merger or business combination but currently does not have significant operations.

Spring Valley Acquisition Corp. (NASDAQ:SV - )'s share price rose 6.6% during mid-day trading on Friday . The company traded as high as $53.39 and last traded at $51.03. Approximately 17,648,622 shares traded hands during mid-day trading, an increase of 3,226% from the average daily volume of 530,580 shares. The stock had previously closed at $47.85.

Spring Valley Acquisition Trading Up 6.6%

The company has a fifty day simple moving average of $36.82 and a two-hundred day simple moving average of $24.99.

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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