Swiftmerge Acquisition Corp. (NASDAQ:IVCP – Get Free Report) shares rose 2.2% on Thursday . The company traded as high as $3.90 and last traded at $3.70. 383,000 shares traded hands during mid-day trading, an increase of 1,888% from the average daily volume of 19,270 shares. The stock had previously closed at $3.62.
Swiftmerge Acquisition Stock Performance
The stock has a market capitalization of $25.31 million, a P/E ratio of -185.00 and a beta of 0.03. The business has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $3.59.
About Swiftmerge Acquisition
Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.
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