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

Spring Valley Acquisition logo with Consumer Staples background

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.
  • Want stock alerts on Spring Valley Acquisition? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

Spring Valley Acquisition Stock Performance

The business has a 50 day moving average of $37.90 and a two-hundred day moving average of $25.46.

Spring Valley Acquisition Company Profile

(Get Free Report)

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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