Spring Valley Acquisition Corp. (NASDAQ:SV – Get Free Report) dropped 4.3% during trading on Tuesday . The company traded as low as $11.04 and last traded at $11.24. 33,707,660 shares were traded during trading, an increase of 6,253% from the average daily volume of 530,580 shares. The stock had previously closed at $11.74.
Spring Valley Acquisition Stock Performance
The company has a 50 day simple moving average of $11.54 and a two-hundred day simple moving average of $14.07.
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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